GMI: 0; GMI-R: 0; 53rd day of QQQQ down-trend

The GMI  and GMI-R are both zero again.  There were 37 new highs and 117 new lows in my universe of 4,000 stocks on Tuesday.  The Worden T2108 indicator is back to 26%  The trend remains down and it is crucial to remain in cash or to be short.  Fighting this down-trend  is an experiment in masochism.  Remember, contrary to the media pundits who want to scare us into holding stocks, when the real turn comes, there will be plenty of time to jump on for the ride.  Meanwhile, Tuesday was the 53rd day of the current down-trend, and many bear markets have lasted 9-12 months.

1 thought on “GMI: 0; GMI-R: 0; 53rd day of QQQQ down-trend”

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