GMI: 0;GMI-R: 0; 6th day of QQQQ down-trend; in cash and short

Well, the GMI and GMI-R remain at zero.  There were only 50 new highs and 372 new lows in my universe of 4,000 stocks on Tuesday.  The Worden T2108 indicator is now at 39%; when it falls below 20% I will start looking for a bottom.  In the meantime, I am in cash and short.  My account went up on Tuesday as my shorts rose.  As long as one trades with the trend of the general market it is possible to profit.  This was one of the key rules of all of my favorite gurus (Livermore, Darvas, Weinstein, O'Neil, to name a few.)  It took me over 30 years to learn this simple truth.  Don't let it take you that long.  Simply evaluate your trades the past 2 years in relation to the GMI.  I know you will find that the big gains came while going long when the GMI is above 3.  However, being long when the GMI is less than 3 brings mainly misery and losses.  Keep in mind that there are always a few exceptions to the trend in any market.  I prefer to trade with the odds in my favor.  About 70-80% of stocks follow the market trend.  Why look for the 20% that buck the trend when one can trade with the trend and have an 80% chance of success?

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