Going to cash in trading accounts; IBD calls market correction


The QQQ short term up-trend could end with a weak day on Wednesday.   While the GMI buy signal remains in effect, I do not like the action of the market and IBD has now declared   a correction.   The QQQ has now closed below its important 10 week average. I can rarely make money when this is so. There will be plenty of time to be invested once we get through the debt limit and government shut-down.   However, I remain invested in mutual funds in my university pension where I cannot trade often.   The Worden T2108 is at 42%, in neutral territory.   The major indexes are not in extreme over-sold territory— yet.

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