5 thoughts on “$QQQ has a failed GLB; I always sell a stock when it closes back below its green line. $QQQ did so yesterday. Today’s close is very important.”
Dr. Wish,
So did you liquidate all of your positions?
I think it is really odd to recommend selling an index after 1 bad day, when the index is still way above its 10 week average, near all time highs, and in the beginning of a RWB uptrend.
GMI etc is still fine as well.
What happens remains to be seen but I am staying out for now.
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I’m with Dr. Wish. He’s been right so many times I’ve questioned him. I’ve learned my lesson 🙂
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I wonder about the efficacy of the glb to gauge the behavior of an etf as opposed to an individual stock. I suppose we will see.
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Dear Prof Wish, GLB is an amazing rule, isn’t ! May I ask you, in order to check my understanding, what are, for you the last GLB for these two stocks : NEM and SHOP (NYSE). According to my understanding, these could be 67,61 and 64,94 for NEM and 825,17, 531,22 and 382,75 for SHOP. Am I correct ? Thank you so much ! Pierre (Belgium)
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Sorry, one more question if I can allow myself : what would be the last GLB for TDOC (I am questioning about your definition … I wonder about the highest value to take into account : do you only consider the “close” or also the “high” to identify a NH ? ). Grateful again, Pierre
Dr. Wish,
So did you liquidate all of your positions?
I think it is really odd to recommend selling an index after 1 bad day, when the index is still way above its 10 week average, near all time highs, and in the beginning of a RWB uptrend.
GMI etc is still fine as well.
What happens remains to be seen but I am staying out for now.
I’m with Dr. Wish. He’s been right so many times I’ve questioned him. I’ve learned my lesson 🙂
I wonder about the efficacy of the glb to gauge the behavior of an etf as opposed to an individual stock. I suppose we will see.
Dear Prof Wish, GLB is an amazing rule, isn’t ! May I ask you, in order to check my understanding, what are, for you the last GLB for these two stocks : NEM and SHOP (NYSE). According to my understanding, these could be 67,61 and 64,94 for NEM and 825,17, 531,22 and 382,75 for SHOP. Am I correct ? Thank you so much ! Pierre (Belgium)
Sorry, one more question if I can allow myself : what would be the last GLB for TDOC (I am questioning about your definition … I wonder about the highest value to take into account : do you only consider the “close” or also the “high” to identify a NH ? ). Grateful again, Pierre