Blog Post: Day 4 of $QQQ short term down-trend; Stocks always fall faster than they rose; Daily RWB up-trend is over. Time to be out and cash is king right now.

@ 9:52 pm
GMI4/6
GMI-24/9
T210857%

I posted on 7/19 that my QQQ short term trend indicator had started a new down-trend. I went to cash then and am waiting for my indictor to signal a new up-trend to buy TQQQ. The daily RWB up-trend pattern has ended. You may access my blog at www.wishingwealthblog.com

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Blog Post: Day 1 of new $QQQ short term down-trend, see daily chart and the GMI table

@ 10:53 pm
GMI3/6
GMI-24/9
T210861%

Roughly 40% of new short term down-trends end in 5 days or less. Once it passes 5 days I become more confident of the change in trend. Note the higher volume recently on the down days. My GMI is still on a Green signal. So I wait on the sidelines in my trading accounts and invested in mutual funds in my longer term retirement accounts.

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