No change from Tuesday; the GMI and GMI-R remain at zero. There were 26 new highs and 310 new lows in my universe of 4,000 stocks on Tuesday. The Worden T2108 indicator is at 40%, far from bottom territory. This is a great time to be short or in cash. Don't let the pundits scare you into the market. There is plenty of time to jump on board once a bottom is in. The key is to wait for the turn rather than to try to anticipate one. A real up-trend last weeks, months and sometimes, years. The up-trend in the QQQQ that began in July, 2006 lasted until November, 2007. One could have entered that market 3 months after the bottom and still have caught the bulk of that rise. There is plenty of time to get back in after a real turn.
Its easy to get whipsawed in this market but your system is working pretty well in the aggregate for the Naz.