8th day of QQQ short term down-trend but GMI flashes buy signal

Thursday, October 18, 2012Wednesday, October 17, 2012 @ 7:00 am by Dr. Wish

GMI5/6

GMI-24/9

T210868%

With the GMI above 3 for two days, it is now flashing a buy signal. The tech stocks, as reflected in the QQQ, are lagging. IBD still calls market in correction.

1 thought on “8th day of QQQ short term down-trend but GMI flashes buy signal”

Jim May

Thursday, October 18, 2012 at 12:08 pm

How do you define a QQQ short-term down trend. From reading your recent blogs I’m not clear on this matter. Thanks

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Selected stocks that have had a successful recent Green Line Breakout (GLB). One can really profit by buying stocks breaking out to all-time highs after a consolidation of 3 months or more, my GLB Setup.

Sym.	Date	GLB $	Now $	Chg.
ENLT	6/18/25	$20.44	$90.98	345.11%
SFM	1/29/24	$49.45	$82.87	67.58%
CRS	4/23/24	$79.66	$483.60	507.08%
AGX	9/6/24	$76.70	$694.72	805.76%
SATS	8/26/25	$50.21	$116.28	131.59%
APP	9/17/24	$116.09	$557.20	379.97%
EAT	10/1/24	$78.33	$140.46	79.32%
PLTR	11/5/24	$44.91	$135.53	201.78%
ALMS	1/6/26	$13.53	$19.06	40.87%
BE	8/22/25	$44.95	$263.61	486.45%
CLS	5/1/25	$87.00	$371.71	327.25%
RGC	5/1/25	$1.55	$19.99	1189.68%
CCJ	6/9/25	$62.55	$103.44	65.37%
RHLD	8/12/25	$54.05	$118.68	119.57%
GEV	5/20/25	$447.50	$933.61	108.63%
CLS	6/25/25	$144.27	$371.71	157.65%
MIRM	8/7/2025	$54.23	$93.48	72.38%
CCJ	6/9/25	$62.55	$103.44	65.37%
WDC	9/4/25	$86.66	$511.72	490.49%
SNDK	9/4/25	$58.36	$1,559.32	2571.90%
STX	6/3/2025	$117.67	$847.47	620.21%
TTMI	6/3/25	$30.41	$167.62	451.20%
MU	9/29/25	$157.54	$864.01	448.44%
INBX	7/8/25	$18.95	$87.01	359.16%
SPHR	9/11/25	$56.08	$139.50	148.75%
FIX	7/24/25	$553.09	$1,843.94	233.39%

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