My GMI indicators remain at zero, but there were only 34 new lows and 15 new highs in my universe of 4,000 stocks on Thursday. This was the smallest number of new lows since December 10. Thursday was the 15th day in the current QQQQ short term down-trend. The Worden T2108 is back to 26%, up from a low of 18% on Tuesday. While there is some improvement in my indicators from extremely low levels, it is too soon to determine whether a permanent bottom is in. The trend is still down. My best course is to remain on the sideline, mainly in cash.