8th day of QQQ short term up-trend; TSCO break-out

GMI4/6
GMI-23/8
T210856%

GMI-2 falls to 3 but short and longer term trends remain up. Yesterday, one of my students identified TSCO as a cup-with-handle break out.   Check out this high volume break-out.

1 thought on “8th day of QQQ short term up-trend; TSCO break-out”

  1. http://www.marketwatch.com/story/indicator-with-great-record-turns-bullish-2011-10-18?Link=obinsite
    Mark Hulbert
    Indicator with great record turns bullish
    Commentary: Message from High Low Logic Index is bullish.
    Would you be interested in a market indicator that has correctly called every major market top and bottom in recent decades—with few false signals? Of course you would.
    And the good news doesn’t stop there: This exceptional indicator is currently in very bullish territory. The indicator I’m referring to is the High Low Logic Index, which was devised in the 1970s by Norman Fosback, then the President of the Institute for Econometric Research, and currently editor of Fosbacks Fund Forecaster. The index represents the lesser of two numbers: New 52-week highs and new 52-week lows with both expressed as a percentage of total issues traded.

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