Time for cash

GMI0/6
GMI-20/8
T21086%

The market remains incredibly oversold.  However, with the GMI at 0 (of 6) and still on a Red signal, it is time for me to remain in cash.There are few times since its inception in 1986 that the Worden T2108 has been below 6%. It closed Friday at 5.65%. Only 62 US stocks (of 4929) have a daily and weekly RWB chart pattern (see glossary for definitions). That is a ghastly statistic!

 

 

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