Once again, green dot indicator predicted bounce

GMI0/6
GMI-24/9
T210820%

You can learn about the green dot indicator in my prior posts. It is a daily 10.4 stochastic cross and indicated by a green dot on the price chart and the arrow on the stochastic chart below. When a stock or index ETF is in a sustained up-trend (QQQ is not) buying on the green dot signal often works for me. During a down-trend one can sometimes also get a tradable bounce. You can access at my TC2000 Club a video showing how to add the green dots to the price chart.

 

 

 

The GMI remains at 0 (of 6) and on a Red signal.

$AAPL’s woes telegraphed in November long before Wednesday’s news came out.

GMI0/6
GMI-24/9
T210812%

A stock tops out long before its earnings do. That is the value of  technical analysis. This daily Guppy chart shows that AAPL entered a BWR pattern in early November with all of its shorter and faster moving averages (red) declining below its longer term averages (blue). The media pundits who rely on the fundamentals and news  to forecast a likely move are usually late and wrong. Stocks discount the future. So why are all world markets declining? Stay tuned…..