GMI: 3; ATHR cup with handle?

The GMI rose to 3, and there were 146 new 52 week highs in my universe of 4,000 stocks on Tuesday. The QQQQ strengthened and is now in the first day of an up-trend (U-1).  While AAPL and GOOG rose, RIMM fell.  Gmi0109_1 This market continues to be mixed.  56-61% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes rose on Tuesday. The GMI-S rose to 38, as almost all of the short term indicators for the QQQQ are now positive.

Recently, ATHR caught my eye as a possible cup with handle pattern.Athr Here is a weekly chart of the stock (I own it).  A break above the top of the handle, around 25, on high volume would lead me to accumulate this stock. Of course I would hope that the GMI is a little stronger when that happens.  Break-outs tend to succeed when the GMI is strong.

Please note the disclaimers below.


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