QQQQ short term up-trend still in peril; GMI: 2; GMI-R: 3

The QQQQ short term up-trend completed its 10th day on Monday.   But it is right on the critical 30 day moving average (28.91).   I remain in a few long positions, but am ready to throw things into reverse if the market turns down. We remain in a major long term down-trend and any counter trend rally can quickly fail.   There were 5 new highs and 72 new lows in my universe of 4,000 stocks on Monday.   The last time we had more new highs than lows was September 19.