9th day of QQQ short term down-trend

GMI1/6
GMI-23/8
T210844%

It remains to be seen whether this bounce will last and turn into a new short term up-trend.   With the 30 day average of the QQQ curving down, I expect more weakness. There were only 72 new 52 week highs in my universe of almost 6,000 stocks on Thursday.

3 thoughts on “9th day of QQQ short term down-trend”

  1. Dr. Wish,

    Have you ever discussed using your basic GMI timing model but, instead of going to cash on a sell signal, going to bonds (TLT,for example). Since bonds are negatively correlated to equities, such a strategy might provide some upside during prolonged downturns.

    Alex

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