GMI: +6; Most indicators positive; success with the Peter Lynch approach

The GMI is back to +6.  All long term indicators are positive, as are almost all short term indicators.  Monday was the first day in the new QQQQ short term up trend.  Gmi0508 There were 396 new highs in my universe of 4,000 stocks.  65% of stocks closed above their 10 week averages and 46% are in a short term up trend.  I am glad I own CMG.  This is the third stock that I bought based on my sons’ advice about an awesome company.  The others were XMSR, that I bought around $2 when my elder son discovered XM radio, and AAPL, based on their love of Ipods.  There is something to be said for the Peter Lynch method of buying companies who appear to have popular products that are noticed by family members.

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