The GMI is at zero and Monday was the first day in the new QQQQ short term down-trend. I am accumulating QID.
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where is the worden indicator currently at?
isn’t it near the point of a short term
tradable rally, as we are oversold, and
then back down again?
thanks for your great work!
read you everyday.
David
my indicators have reversed down also. Time to be more defensive. I sold some positions this afternoon but am holding others as I have a sense we’ll get a Santa Rally soon into which I may sell. I have stops on the positions I’m holding in case the mkt continues to head south. One positive note for today, the lows of the day on the Nasdaq tested prior support successfully. Will they hold?