The GMI moved up one to 2, as there were 107 new 52 week highs in my universe of 4,000 stocks. While the short term trend of the QQQQ (and the SPY and DIA) remains down, the quality of the current rally in the next few days will tell me whether the trend is reversing up. Cash is probably the right place for me to be right now.
I will try to buy SDS a little tomorrow at market open price with tight stop loss.
Allen