The GMI is at 6 and the GMI-R is at 10. There were 156 new highs on Tuesday in my universe of 4,000 stocks, the most since September 19, 2008. The QQQQ is back in a short term up-trend. Both the short and long term trends are now up.
Month: September 2009
Signals inconsistent-waiting in cash
Sometimes my long term and short term indicators do not agree with each other. This is one of those times. My short term daily trend indicator for the QQQQ turned down last week while my long term indicators remain up. So, I went to cash in my short term trading account but stayed long in my more conservative pension mutual fund accounts. The GMI