My indicators remain at low levels. The Worden T2108 remains at 2%, the lowest reading since at the 1987 crash. There were 21 new highs and 2,283 new lows in my universe of 4,000 stocks on Wednesday. This was the largest number of daily new lows since I began this site 3 years ago. Remember–no one knows a bottom or top until after it has occurred. Most bear and bull market labels are assigned months after a turn. If no one knows a bottom until after it has occurred, then trying to guess a bottom is a fool's game. We can only discern the current market trend and trade consistent with it. When the GMI returns to 3 or above, the market will be in an up-trend and it wiill be safe for me t0 own stocks on the long side again. Once the market turned in 2003, my account rose over 50% in a year. The key to success in the market is to win big during the up-trend and to conserve those profits during the subsequent delcine.