GMI: 0; GMI-R: 1; T2108: 48%


The GMI-R rose to one on Wednesday.   The QQQQ completed the 9th day of its short term down-trend.   However, the QQQQ is just below its critical   moving average.   A rise from here could turn the short term trend positive.   The market seems able to hold up under a flood of bad earnings.   So, the selling may be done for now.     This appears to be a time of considerable back and forth in the market.   I remain mainly in cash.

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