19th day of $QQQ short term up-trend; $GMCR breaks out early in 2009

GMI6/6
GMI-27/8
T210863%

A reader asked me whether at the end of a major market decline I still look for green line break-outs.   Absolutely!   After a major decline there are few stocks at all-time highs.   That is where the new leaders are.   In March of 2009, I spotted GMCR breaking above its green line top to an all-time high. I even posted about it!

Check out this monthly chart of GMCR.

GMCRmonthly03032015

1 thought on “19th day of $QQQ short term up-trend; $GMCR breaks out early in 2009”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: