GMI back to 0 (of 6); Why I heed my General Market Indicator (GMI)

GMI0/6
GMI-23/8
T210830%

My QQQ short term trend indicator is back to a down-trend, after only 2 days of an up-trend. This indicator is focused on the very short term trend and is different from the GMI. I have said that I trust a change in my short term trend direction only after it lasts 5 days. Below are daily charts of the QQQ, colored according to the GMI Buy (green) and Sell (red) signals. While not perfect, the GMI gets me out of significant down-trends and back in during up-trends. Note that the GMI has been on a Sell signal since the market close on August 24. I am mainly in cash in all of my accounts. (Click on charts to enlarge.)

Redgreen09222015Redgreen2yrs09222015

 

 

 

3 thoughts on “GMI back to 0 (of 6); Why I heed my General Market Indicator (GMI)”

Leave a Reply

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

%d bloggers like this: