GMI: 1; GMI-R: 1; Safely in cash or in QID

The GMI and GMI-R are now each 1, indicating a very weak market.  The Worden T2108 indicator is now at 27%, still above the level at which bottoms typically occur.   There were  35 new highs and 276 new lows in my universe of 4,000 stocks on Wednesday.  Wednesday was the 2nd day of the new QQQQ down-trend.  I am in cash and in QID.

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