Well, the bounce finally occurred! The bleeding has stopped. New lows went from 2,832 to 68 in just one trading session. There were no new highs. The GMI-R even advanced to 1 (of 10). This is still a market to watch from the sidelines. The market remains in a down-trend. It remains to be seen whether the indexes can climb enough to change the trend. The Worden T2108 indicator is still oversold and in extreme bottom territory at 3%. Monday was the 30th day of the current QQQQ short term down-trend.