The GMI is back to 1, for the first time since last February. The QQQQ, however, still remains in a longer term up-trend. While I therefore remain invested in mutual funds in my university pension, I remain largely in cash and short in my trading IRA. On Thursday, my IRA account gained in value. The key is to get out of the market during down-trends and to look on from the sidelines, in cash or short–at least in my trading account. Thursday was the 2nd day of the new QQQQ short term down-trend. Note that the Worden T2108 is now at 20%, at a level where some market bottoms have occurred.