Halloween is approaching–best 6 month period for market is almost upon us. Check out the interview with me about my strategy and class in the November issue of Technical Analysis of Stocks and Commodities, now at your newsstand.
GMI remains Green.
General Market Index (GMI) table
$QQQ remains in longer term Stage II up-trend, GMI rises to 3; $AAPL has GLB
QQQ remains in a Weinstein Stage II up-trend, above its rising 30 week average (solid red line).
AAPL has green line break-out (GLB) to an ATH (all-time high).
GMI rises to 3 (of 6) and QQQ short term down-trend may end Monday.
GMI=Red but QQQ still in Stage II up-trend
As long as the QQQ remains above its 30 week average (red line) and the average is climbing, the market is still in a longer term up-trend. If QQQ closes below its 30 week average for several weeks, we are in for a major decline. A close back above all-time highs would be very bullish.
