Blog Post; New $QQQ short term down-trend may end after 2 days Friday; GMI remains Green; market pulls back from cliff, for now; $PHM climbs after GLB, see chart


Well, I was correct that we would see a large move in QQQ after the constricted Bollinger Bands, but wrong on the direction. It remains to be seen how long this bounce will last. I noticed that PHM hit another ATH today after having an earnings related GLB on Tuesday on good volume. PHM has  composite and EPS ratings=98 and RS=97. It has held the green line for 3 days and I bought a little in the extended market after today’s close. If it closes back below the green line ($63.90) I will sell.


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