GMI:+4; More new lows than highs

The GMI remains at +4 and in danger of falling again today if we have fewer than 100 successful ten day break-outs.  Gmi0412 Between 55-57% of stocks in the QQQQ, SPY and DIA rose on Wednesday.  There were 55 new yearly lows and 46 new highs, an ominous sign.  Only 35% of the 4,000 stocks in the universe I follow are in a short term up trend, the lowest since March 10.  Wednesday was the twelfth day (U-12) in the current short term up trend in the QQQQ.

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