Day 2 of new $QQQ short term up-trend; Correction–24% of new QQQ short term up-trends last only 2-5 days, 61% last 6-47 days

GMI2/6
GMI-24/8
T210814%

In a prior post I gave the figure for the length of new down-trends but meant to give the figure for new up-trends. I trust a change in short term trend more once it reaches beyond 5 days. This is especially true for a change to a down-trend, where 39% end within 5 days. I became defensive on February 24 when that short term  up-trend extended beyond the high of 88 days from 2006-2019 shown in this table and the up-trend subsequently ended at a record 91 days.

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