21st day of $QQQ short term down-trend; GMI could flash Red tomorrow; time to be in cash

GMI2/6
GMI-23/8
T210852%

The odds are against one making money by buying growth stocks at new highs. Only 22% of the stocks that hit a new high 10 days ago closed higher Tuesday than they closed 10 days ago. And there were only 70 new highs out of 5,950 U.S. stocks. With odds like these one is gambling by staying long. I am in cash with the GMI=2 and likely to turn Red tomorrow. Even the Dow is weakening.

And the Russell 2000.

 

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