The GMI and GMI-R are still at zero. There were 20 new highs and 855 new lows in my universe of 4,000 stocks on Wednesday. The Worden T2108 indicator fell to 15%, within bottom territory but still above the level that markets bottomed the past two years. The past two years, declines ended when this indicator was around 7-8%. Note, however, this monthly chart of the S&P 500 index.
In the context of the 2000-2002 decline, the current decline is small and may be just beginning. I will wait for the GMI to signal an up-trend before I go long again.