9th day of $QQQ short term up-trend; GMI goes to Buy but I remain vigilant


I corrected the reading for the IBD growth mutual fund index component so the GMI actually turned to a Buy on the close of 3/2. Note, however, that the major indexes are still below their declining 30 week averages, indicating the longer term trend is still down. The T2108 is at a nose bleed high of 81% and this weekly chart of the NYSE index clearly shows this rebound is within a Stage 4 down-trend. I am watching very carefully for any signs  this rebound is ending.

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