GMI:0; GMI-R: 0; Tech bounce?

The GMI and GMI-R remain  at zero.  It does look like a RIMM inspired bounce may occur on Friday.  Options expire Friday.  I still do not trust this market. IBD says put/call ratio on Thursday was only .49–a bearish omen.  It hasn’t been this low in months.

2 thoughts on “GMI:0; GMI-R: 0; Tech bounce?”

  1. bounce continues. I sold a good chunk of my long position into $. Indicators still pointing down, but if this bounce continues for a few days, the indicators will turn up.

    Longer term indicators are still bullish, so no going short for me except a few positions in key areas.

    noted about P/C ratio, but I don’t get too bent out of shape over a 1day reading.

  2. nice rally on Friday. INdicators turning back to slightly positive. Mr. Market looks to have given a head-fake to the down-side. Going to start pushing back into longs the areas I was in $.

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