Second day of new QQQQ short term down-trend; GOOG in down-trend

GMI0/6
GMI-R1/10
T210840%

Market remains in a short term down-trend.   I remain mostly in cash and short. Yesterday I wrote that GOOG came up in my submarine scan.     This   Guppy Multiple Moving Average daily chart of GOOG (click on to enlarge) shows a clear down-trend, with all short term averages (black) below longer term averages (red).

5 thoughts on “Second day of new QQQQ short term down-trend; GOOG in down-trend”

  1. Pingback: Tweets that mention Second day of new QQQQ short term down-trend; GOOG in down-trend | Wishing Wealth Blog -- Topsy.com
  2. Dr. Wish,

    Can you describe how you scale the guppy moving average chart on Telechart? I have not been able to scale my chart to look like the charts you post. Thanks!

  3. It looks the longer term moving averages are roughly 30 days longer than the short term ones. Can you specify what time period the red moving average lines are?

    Thanks!

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