All indicators positive; A MINI move?

GMI6/6
GMI-26/8
T210845%

By my count, Monday was the 34th day of the current QQQ short term up-trend. The T2108 is at 45%, in neutral territory.

MINI, a recent green line break-out stock, may be testing support at the green line. Check out its daily chart.

MINIdaily06102013

 

1 thought on “All indicators positive; A MINI move?”

  1. Hello Dr. Wish,

    Thanks for your blog. I came across this study titled “Does Trend following work on Stocks” You may have seen it. It is very extensive study done by Wilcox and Crittenden of Blackstar Funds. In this study the entry criteria was to buy stocks at all time high with some price and liquidity filters. Exit criteria was 10ATR. They looked at over 24000 securities in span of 22 years. The results did very well. It supports your methodology of Buying at new all time high. Thought you might be interested.

    http://www.trendfollowing.com/whitepaper/Does_trendfollowing_work_on_stocks.pdf

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