Short term up-trend in doubt


As the GMI declines to 3 (of 6) and the more sensitive GMI-R to 5 (of 10), the QQQQ short term up-trend is uncertain again.   Without a reasonable advance on Wednesday we will begin a new short term down-trend in the QQQQ.   The longer term trends appear intact, however.   This is a time for me to wait patiently for a clear sign of the next significant short term trend.

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