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Bounce coming?

With the put/call ratio at 1.08, we may be near a bounce up in the indexes. However, note the GMI has fallen to 2. gmi: 2 gmi-2: 7 t2108: 42 No tags for this post.
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IBD sees market in correction

Business & Finance / Investing : Wishing Wealth Blog

Wednesday was 32nd day of QQQ short term up-trend, but it could reverse on Thursday. But with the put/call ratio around an extreme 1.2, the market could bounce. gmi: 4 gmi-2: 2 t2108: 39

16th day of $QQQ short term down-trend

Business & Finance / Investing : Wishing Wealth Blog

With the put/call ratio at 1.17, a continuation of the  bounce is likely. IBD still sees market in correction. gmi: 0 gmi-2: 2 t2108: 15

9th day of $QQQ short term down-trend; over-sold bounce coming?

Business & Finance / Investing : Wishing Wealth Blog

All of the major indexes I follow have over-sold  10.4 daily stochastic readings (<20) . I suspect we are about to get a short  bounce within this longer term down-trend. I remain mainly in cash.   gmi: 2 gmi-2: 2 t2108: 62 No tags ...

Another bounce

Business & Finance / Investing : Wishing Wealth Blog

With the put/call ratio still above 1, bearishness is high and the bounce is on. I am patiently waiting on the sidelines in cash. The GMI could go to Sell with a weak day Thursday. gmi: 1 gmi-2: 3 t2108: 34

GMI flashes Sell but $QQQ still has RWB pattern

Business & Finance / Investing : Wishing Wealth Blog

With a put/call ratio above 1 on Monday, we are getting a bounce in the futures this morning. How long will it last? Note that the longer term trend of QQQ is still up, with a RWB pattern.   gmi: 2 gmi-2: 4 t2108: 25

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