The GMI is now zero, as is the GMI-R. There were fewer new lows on Monday than on Friday (192 vs. 335) in my universe of 4,000 stocks. The Worden T2108 indicator is at 19%, now in the area where prior market declines have bottomed. Nevertheless, Monday was the second day in the current QQQQ short term down-trend and I have no idea how long this decline will last. I remain in cash and short the Nasdaq 100 in the QID ultra short ETF.