GMI: 0; GMI-R: 1; 0 new highs and only 68 new lows; T2108: 3%

Well, the bounce finally occurred!  The bleeding has stopped.  New lows went from 2,832 to 68 in just one trading session.  There were no new highs.  The GMI-R even advanced to 1 (of 10).  This is still a market to watch from the sidelines.  The market remains in a down-trend.  It remains to be seen whether the indexes can climb enough to change the trend.  The Worden T2108 indicator is still oversold and in extreme bottom territory at 3%.  Monday was the 30th day of the current QQQQ short term down-trend. 

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