Monday’s carnage reduced the GMI and GMI-R, and the short term up-trend in the QQQQ is in jeopardy. The longer term weekly up-trend and Stage 2 up-trend are still intact, for now. There were only 4 new highs and 12 new lows in my universe of 4,000 stocks on Monday. The Worden T2108 indicator is now at 35%, and most declines do not stop at this level. Typically, declines end with readings below 25%. I got stopped out of several positions on Monday. This is not the time for bravery, but for close stop losses, in case things decline more.