GMI: 0; GMI-R: 0; Nice to be in cash!

The GMI and GMI-R are back to zero.  Thursday was the 30th day of the current QQQQ short term down-trend.  There were 39 new highs and 81 new lows in my universe of 4,000 stocks. The down-trend remains intact and it is very nice to wait out these sharp daily swings in the averages while on the sideline.

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