Good recent results with a drug regimen for treating bladder cancer.
Blog Post: 312 new US lows, most since 334 on March 20; IBD called Market in Correction yesterday; Daily chart shows $QQQ bounced right where the TCL predicted–but will it hold?
The trend channel line (TCL) in the daily chart below predicted Monday’s bounce. QQQ also bounced up off of the 15.2 lower Bollinger Band, designated by the green daily bar. The next rally could take it to the descending trend line. The TCL must hold, or look out below……
Blog Post: Day 2 of $QQQ short term down-trend; 6 US new highs and 212 lows; 10:30 weekly chart shows QQQ resting on its 30 week average; Stage 4 imminent?
QQQ is getting very close to a Stage 4 decline. The weekly close (gray line) is just above the 30 week average (red line). Time to be very defensive. If 10 week average (dotted line) closes below the 30 week average I will likely move my university retirement funds out of mutual funds and into cash/money market funds. Also, if that happens, the GMI=0.
My weekly QQQ index will turn negative if QQQ closes below its 30 week average. Then the GMI will equal 0. I never go long when the GMI=0.
