The GMI increased to 2 (out of 6) and the GMI-R to 4 (out of 10). 
Thursday was the 14th day in the current QQQQ short term down-trend (D-14). Both the QQQQ and the SPY remain below their 10 week averages. I have the best chance of making money going long when these indexes are above their 10 week averages. My short term indicator, GMI-S, is now back to 50% after being zero for ten days, through Monday. Interestingly, the daily MACD’s for the indexes and many leading stocks have had a bullish crossover. While there has been some improvement in the indexes I follow, it is not yet enough to convince me that the trend has turned.
well… the markets held their own today … even up a bit. This is good considering the big rally yesterday and considering the ugly selloff that’s occured the past few weeks. I was concerned we might give a big chunk back today. unless we have a meltdown tomorrow and give much of the gains back that have been made this week, then I’ll be convinced the intermediate trend has turned up (with a high probability), and will move more aggressively long in the coming days.