Dropping $QQQ short term trend count


You may have noticed that during the time my GMI based signal has been on a “Buy” since May 11, my short term trend indicator for the QQQ has triggered several buy and sell signals. These short term signals encouraged me to get out of the market or reduce my holdings in my trading accounts only to see the short term trend reverse back up after a few days. I have therefore decided to stop posting and heeding my short term trend indicator and to rely instead on my GMI signals. I will merely follow the longer term trends measured by the GMI components.

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