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You Are Here: Home > Articles > Contributors > GMI: 0; GMI-R: 0 3rd day of QQQQ down-trend;...

GMI: 0; GMI-R: 0 3rd day of QQQQ down-trend; GMI gets me out again
Sep 05, 2008

Dr. Wish

Wishing Wealth
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The General Market Indexes, GMI and GMI-R are both zero for the first time since the August 4 lows. There were only 15 new highs and 264 new lows in my universe of 4,000 stocks on Thursday. Thursday is the 3rd day since I identified the new QQQQ down-trend. The GMI indexes once again got me out of the market at the beginning of a decline. It is now time to be short the QQQQ by being in QID or in cash. I never fight the market trend.

by Dr. Wish (Wishing Wealth)