GMI: 0; GMI-R: 0; 1,090 new lows on Thursday; T2108; 14%

My two general market indicators remain at zero.  Among the 4,000 stocks in the  universe I follow, 8  touched a 52 week high and 1,090 hit a new low on Thursday. The last time we had more than 1,000 new lows was on October 24th, at the October low (1,576 lows). Whether the market can hold Thursday's lows will tell us a lot about the probable continuation of this down-trend.  Meanwhile, the key is not to anticipate a bottom but to wait for one to be in place.  Since we got out of this market months ago, we have plenty of time to go long again, far below our exit prices……………….

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