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Wishing WealthA stock trading blog by Dr. Wish |
Gmi: 0; Gmi-r: 0; Worden T2108: 8%, Rally Coming?
Posted on 07/08/2008 13:46:22 | Link | Post Comment
The GMI and GMI-R remain at zero. There were 12 new highs and 726 new lows in my universe of 4,000 stocks on Monday. The Worden T2108 indicator fell to 8%, deep in bottom territory (see my prior post). So many media pundits are proclaiming a bear market that at least a bounce is likely. Monday was the 18th day of the current QQQQ down-trend.
- Gmi: 3; Gmi-r: 6; All Eyes On Aapl
- Gmi: 4; Gmi-r: 5; Techs Show Strength; Mainly In Cash
- Gmi: 6; Gmi-r: 10; New Lows Climbing; Comv Climbs
- Gmi: 6; Gmi-r: 10; But A Lot Of New Lows, Especially Among Apparel Stocks
- Gmi: 5; Gmi-r: 8; Qqqq Remains Strong
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