The GMI is still at a maximum of 6, with the QQQQ in its 23rd day of a short term up-trend. The Worden T2108 indicator is now just short of 80%, near the highest level that the market goes to. T2108 is the percentage of NYSE stocks that closed above their 40 day moving averages. The indicator bottomed below 8% in August and has now fully recovered. This indicator represents to me a pendulum of the market and it has now swung to the bullish extreme. The market can often remain strong for several months with the indicator at this extreme level.