The GMI rose to 2 (of 6) and the GMI-R to 5 (of 10). The more sensitive GMI-R is picking up strength in my very short term indicators. A few more days up will turn the GMI positive and end the QQQQ down-trend. The QQQQ completed the 35th day of its down-trend on Wednesday. The Worden T2108 indicator is now at 37%, well into neutral territory. There were 69 new highs and 63 new lows in my universe of 4,000 stocks on Wednesday. It is time to look for strong stocks that are breaking out. Once the trend is up, I will discuss the stocks I am watching. Right now I am wading into the ultra long QQQQ ETF, QLD.