QQQ short term up-trend ends, down-turn begins


After 75 days,   the QQQ short term up-trend   ended on Monday.   The GMI is now at 1 (of 6).   I remain mainly in cash with a short position in GLD. AAPL caused much of the decline in the indexes, closing below its 30 day average for the first time since December 19, 2011.   It remains to be seen where the correction in AAPL will end.

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