3 thoughts on “7th day of QQQ short term up-trend”

  1. Dr. Wish at what point is the market overbought and it might be a good idea to buy puts? Isn’t the T2108 indicator almost in the too red zone?

  2. The GMI must give a sell signal for me to consider going short on a major index. T2108 can signal an extremely overbought market but it can stay overbought for a few weeks. A T2108 around 90%, which is rare, would prompt me to set close stops on all long positions. but an overbought market does not have to trigger a major decline–just a rest or consolidation is possible.

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