Many of us spend our time trying to anticipate the market’s turns. A true trend follower merely waits for Mr. Market to reveal his intentions and then responds appropriately. These charts shows that the QQQ, SPY and DIA remain in daily RWB up-trends. More impressive is that all three ETFs also have perfect 12 weekly RWB patterns.Why not just ride them?
The GMI remains Green and at 6 (of 6).
Do you have a long term chart or table of GMI values that you could post on your website?
Thanks,
Ed S.