I am more confident of a change in trend after it has lasted 5 days. The GMI has also flashed a Sell signal but is also subject to whipsaw moves. I am on the sidelines waiting for the trend to define itself more clearly.
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$QQQ short term up-trend in jeopardy
Market looking mighty weak to me. GMI could issue a Sell signal with a weak day on Thursday.
46th day of $QQQ short term up-trend; Dow theory warning?
A lot of bounces off of support are failing. Time to be very defensive. This chart of the Dow Jones Transportation average shows it to be in a Stage IV decline. Is this another Dow Theory sell signal?
