The QQQQ rally finished its 6th day on Wednesday. There were 10 new highs and 12 new lows in my universe of 4,000 stocks on Wednesday. IBD 100 stocks (from my lists the past year) at new highs are: SNDA, CPSI, TNDM, ROH, SGP, MYGN and QSII. TNDM and QSII hit all time highs. The T2108 indicator is now at 63%, the highest level since January 13th. The market is not overbought until the T2108 rises to around 75%. So this market could climb a lot higher. The QQQQ remains in a counter trend rally, until it fails or the longer term trend turns positive. I will wait for the GMI to rise to 5 or above before I commit my university pension funds to the market. I have successfully avoided this bear. In the meantime, I trade on the long side in my IRA. I am slowly accumulating QLD as this up turn strengthens.