With the GMI and GMI-R at zero, I think it is not the time to fight this down-trend. The major indexes look terrible and the QQQQ completed the 7th day of its short term daily down-trend within a longer weekly down-trend.
The key to survival in the market is to lose as little as possible during the worst times. Conserve money so as to be ready for the inevitable turn. I have studied all of the prior bear market bottoms and a common characteristic is huge weekly up volume. We have not had anything like that. We need to sit tight and wait for several days of large volume rises. I remain short and mainly in cash.
Take the poll to the right and let’s see if it is a useful contrary indicator.