GMI: 0;GMI-R: 0; 55th day of QQQQ short term down-trend; T2108: 11%; QID

There were only 3 new highs and 460 new lows in my universe of 4,000 stocks on Monday.   Monday was the 55th day of the current QQQQ short term down-trend.   Since the first day of this down-trend on September 2nd, the QQQQ (Nasdaq 100 index ETF)   has declined 37.7% and 99 of the 100 Nasdaq 100 stocks have declined, 52% have declined more than 40%.   Do you see the folly of fighting the primary trend of the index?   99% of the stocks declined!   Do you know how many persons are still looking for stocks to BUY??!!!   In a down-trend one should be in cash or short. During this same period, the ultra inverse QQQQ ETF, QID, has advanced 87.5%.   Now, that’s the way to play a down-trend!

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