The GMI moved up to 4+ and the GMI-R stayed at 5+. None of the additional very short term indicators that I added to create the GMI-R improved on Wednesday. Too many of my other indicators are sitting right on support. A drop tomorrow would tip the balance to the negative. Given the extreme volatility recently, I am mainly in cash but poised to jump into the short side (QID) and into gold (GLD) or oil stocks if a down-trend is confirmed. In spite of the strength in the GMI, the recent market action makes me feel worn out and tired.