GMI falls to 3; QQQQ short term down-trend imminent


The GMI fell to 3 and the more sensitive GMI-R to 4, and it is likely that the QQQQ short term trend will turn down on Wednesday.   I am closing out positions in my IRA.   The T2108 fell to 43%, although it is still a long way from the typical readings near the bottoms of declines. If a new down-trend is confirmed on Wednesday, I may buy some QID to ride the down-trend. The longer term market trend remains up.

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