GMI: 0; GMI-R: 0; 1,375 new lows; T2108: 7%; Safe in cash and a little short

My General Market Indicators remain at zero and my other technicals are going back to extreme low levels again.  There were 11 new highs and 1,375 new lows  in my universe of 4,000 stocks on Wednesday.  This decline is beginning to look like the post crash period of 1929. The crash broke the up-trend and then the real slow multi-year decline began.  The longer this decline persists the more it tells me that the economy will decline. The damage done to the accounts and confidence of the boomers is huge.  It will take a long time and/or a huge long term advance in a bull market to induce these retirement oriented boomers to again throw  their savings into the market.  Wednesday was the 57th day of the current short term down-trend in the QQQQ, which remains in a longer term down-trend.

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