No changes in GMI and GMI-R; gold and silver strong

Wishing Wealth | Thu, 02/12/2009 - 12:43pm | commodity investing, GLD, GMI, GMI-R, gold investing, silver investing, SLV, stock trading | 5 comments

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The market is marking time. The GMI and GMI-R were unchanged, along with the T2108 indicator. There were only 2 new highs and 108 new lows in my universe of 4,000 stocks on Wednesday. Gold (GLD) and silver (SLV) continue to advance. I remain mainly in cash.
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› Wishing Wealth

One-Line Bio

I am a Research Psychologist with 40 years of stock market trading experience.

Biography

Over the past 40 years I have learned how to successfully trade stocks. I have managed to avoid every bear market since 94. I multiplied my IRA 13x and got out of the market in 2000. My portfolio gained 50% in 2003. I came in 5th in the Barron's Stock Challenge, professors division, in 2004.

I use technical analysis and think for myself. I have a set of rules to get me in/out of the market and stocks. I use TC2005 and IBD to track stocks.

I am writing this blog as an educational resource for friends and others. I am not a professional investment advisor and one should not follow my lead without first consulting a financial advisor. I reserve the right to change any opinions published here at anytime, without posting such information on this blog.

Interests

Technical market analysis, Livermore, Darvas, O'Neil, Weinstein, TC2005, IBD

Stock Investing > Wishing Wealth

No changes in GMI and GMI-R; gold and silver strong

Wishing Wealth | Thu, 02/12/2009 - 12:43pm | commodity investing, GLD, GMI, GMI-R, gold investing, silver investing, SLV, stock trading | 5 comments

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