Down-trends continue;

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GMI-22/8
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Wednesday was the 7th day of the current QQQ short term down-trend.   However, the DIA and SPY are showing   signs of strength.   Often times after a declining market, investors are cautious and buy the blue chips first.   After they have profits and feel more comfortable with the market, they buy the more speculative tech type stocks. This could explain the divergence between the tech stocks (QQQ) and the other indexes. It remains to be seen how this divergence will be resolved. At some point the trends will converge.

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