Blog Post: The $QQQ short term up-trend may end Friday; GMI has flashed RED; When asked why he did not short stocks during declining markets, the great trader, Nicolas Darvas, answered thus; I share this quote with my class of undergraduates each year
Nicolas Darvas and William O’Neil did not fight the general market’s trend.I find it so much easier to ride stocks profitably when they are surging to new highs when my GMI>=5. The General Market Index (GMI) is now 2. I am mostly in cash in my trading accounts.
