GMI: 1; GMI-R: 1; 2nd day of QQQQ down-trend -- MrSwing

You Are Here: Home > Articles > Commentary > GMI: 1; GMI-R: 1; 2nd day of QQQQ down-trend

GMI: 1; GMI-R: 1; 2nd day of QQQQ down-trend
Sep 04, 2008

Dr. Wish

Wishing Wealth
More articles

Font Size:

The GMI and GMI-R are both 1. There were 53 new highs and 123 new lows in my universe of 4,000 stocks on Wednesday. I do not hold long positions during a QQQQ down-trend. I do not fight the market trend. The odds of success always increase when one trades consistent with the general market trend. Only 37% of the Nasdaq 100 stocks are now above their 30 day average.

by Dr. Wish (Wishing Wealth)