GMI:0; GMI-R:0; in cash and short in QID

The GMI is now zero, as is the GMI-R.  There were fewer new lows on Monday than on Friday (192 vs. 335) in my universe of 4,000 stocks.  The Worden T2108 indicator is at 19%, now in the area where prior market declines have bottomed.  Nevertheless, Monday was the second day in the current QQQQ short term down-trend and I have no idea how long this decline will last.  I remain in cash and short the Nasdaq 100 in the QID ultra short ETF.

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