Blog post: Day 39 of $QQQ short term down-trend; GMI=0; $QQQ weekly chart below shows continuing significant down-trend with 4wk avg<10wk avg<30wk avg; waiting for a confirmed new up-trend.

@ 9:42 pm
GMI0/6
GMI-21/9
T210823%

I do not reenter the market on the long side until the moving averages indicate an up-trend with the 4wk avg>10wk avg>30wk avg.The rally this week might offer the last chance to get out or trim holdings. Then again, if this is a true bottom I will have plenty of time to get long again. Real up-trends last months. I never fight the tape. Look  at this chart and see how nice it is to be long when the 4wk>10wk>30wk.  The GMI=0. When GMI= 5 or 6 my long setups are more likely to work.

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Blog Post: Day 37 of $QQQ short term down-trend; GMI=1 and 10 week average closes week below 30 week average, see weekly chart. Stage 4 down-trend likely.

@ 10:34 pm
GMI1/6
GMI-21/9
T210819%

Be very careful as we may be at the beginning of a significant Stage 4 down-trend. We may see a retracement to the 4wk average at 583.94. That may be resistance.

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GMI=1 and remains RED. T2108=19, still above the level where many bottoms have occurred, below 10.

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Blog Post: Day 36 of $QQQ short term down-trend; Indexes are very oversold; QQQ topped out in October, 2025, long before the current war, see weekly chart. End of the war may not change the longer term trend. Modified daily Guppy chart would have had you exit META long before Thursday’s debacle, see chart.

@ 9:14 pm
GMI2/6
GMI-22/9
T210822%

The Stage 4 down-trend has yet to begin. That is when I typically exited the markets. However, I did not wait for that this time. I am more of a chicken now. The market could have a final rally up to the 30 week, 4 week or 10 week averages. Prior major tops did that and led me to think I was wrong to exit earlier. Ignore the news, fundamentals and market media pundits. Just watch the market’s actions.

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People should look at a modified daily Guppy chart before buying or selling. META has been in a BWR down-trend for quite a while. Forget earnings, fundamentals and news. Just look at the price trends. RWB (red/white/blue) up-trends rule for going long! Why should anyone be long META? Buy and hope?

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