Thursday was the 11th day of the QQQ short term up-trend. A down of flat day wil change my trend count to negative. Time to be defensive. The Worden T2108 indicator is at 19%. It got to 7% at the bottom on August 8. Anytime T2108 gets into single digits it has been a good time to buy a bullish index ETF like SPY, DIA or QQQ. However, right now it looks like a continuing Stage 4 decline (see weekly GMMA chart of SPY below). My university pension is 70% in cash.