The GMI and GMI-R are both back to zero. There were 26 new highs and 78 new lows in my universe of 4,000 stocks on Monday. The Worden T2108 indicator is back to 23%. All of these readings are far above the lows hit earlier this month. For example, on July 15, there were 988 new lows. So, in spite of the media’s pronouncements and hyperbole, the decline the past few days is shallow and no where near as extreme as earlier in the month. Time will tell…….