The GMI and GMI-R are both zero. There were 68 new highs and 96 new lows in my universe of 4,000 stocks on Thursday. The Worden T2108 indicator is at 37%. A great time to be on the sideline, in cash.
Dr. Wish
GMI: 0; GMI-R: 0; 33rd day of QQQQ down-trend
The GMI and GMI-R are back to zero. Wednesday was the 33rd day of the QQQQ short term down-trend.
GMI: 1; GMI-R: 1; 32nd day of QQQQ down-trend
The GMI and GMI-R rose to one because the 10 Day Successful New High Indicator turned positive. The QQQQ is in the 32nd day of its down-trend and there were only 54 new highs and 70 new lows in my universe of 4,000 stocks on Tuesday.