Blog Post: Day 10 of $QQQ short term up-trend but very weak and is still in a RWB daily up-trend, see chart; How did anyone get caught in $FMCI? $INTC? See adapted daily guppy charts. A picture is worth 1,000 words.
Day 8 of $QQQ short term up-trend; My 10:30 weekly chart shows $QQQ in continuing Stage 2 up-trend, as is $NVDA.
Dotted line = 10 week average. Gray line = weekly close. Red line= 30 week average.
Blog Post: Day 6 of $QQQ short term up-trend; 306 US new highs on Friday, 3 lows and 99 at ATH; $QQQ now in daily RWB up-trend, see adapted daily Guppy chart, and Weinstein Stage 2 up-trend
All short term averages (Red lines) are now rising above the longer term averages (blue) with a white band separating them= RWB up-trend. I am slowly accumulating $TQQQ but will exit immediately when short term up-trend ends.
The GMI is Green and at 6, of 6.
