The GMI is still 5, and the QQQQ is in its 
third day in its short term down-trend. Furthermore, the QQQQ, SPY and DIA index ETF’s have all closed below their 10 week averages. During such periods I am unlikely to make money by staying long. The 30 day average for the QQQQ has now completed a rounding top and is now declining. Since the Nasdaq 100 index reached its closing peak on February 22, that index has declined 4.16% and 78% of the Nasdaq 100 component stocks closed Friday below their close on 2/22; one half are down 5% or more from 2/22. Don’t fight the trend of the indexes–go with the odds.
