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Wishing WealthA stock trading blog by Dr. Wish |
Gmi: 0; Gmi-r: 1; T2108: 21%; 28th Day Of Qqqq Down-trend; Qid: +14.7%
Posted on 07/22/2008 09:53:15 | Link | Post Comment
The GMI remains at zero while the GMI-R rose one, to 1. This is because there were 31 new highs and 30 new lows in my universe of 4,000 stocks on Monday. The Worden T2108 indicator rose to 21%, out of extreme bottom territory. Since I identified when this down-trend began, the QQQQ has declined 7.8%, and in that time, 81%of the Nasdaq 100 stocks declined, 39% declined by more than 10%. If I had simply bought the utra short QQQQ ETF, QID, and held it for the past 28 days, I would have made 14.7%. Why fight the tide when one can swim with it so profitably.
- 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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