Once the Worden T2108 Indicator falls below 20% the market is getting very oversold. The last time T2108 was below 20% was last October. Some bottoms occur around this area, but if it breaks below 10% I will start to go long QLD, even with a GMI sell signal in place. The market just does not remain that oversold for long. I will then take a small position and only add to it at higher prices. I would only do this with an index ETF, not an individual stock. Individual stocks can go extinct, but not the entire market. Below is a weekly chart of the T2108 indicator.