The GMI and GMI-R remain at their maximum values. The last 2 weeks of December may bring strength for the leaders as mutual funds acquire them as part of end-of-quarter window dressing. The only warning signal I see now is the rise in bullish sentiment. The latest Investors Intelligence poll shows 56.7% of advisers are bullish. Rates near 60% often come near market tops. However the Worden T2198 indicator is only at 58%, in neutral territory. The key for me is to wait for a definite change in trend and not to try to anticipate one. So, I remain 100% long in my university pension and hold a position in QLD in my IRA trading account.