The GMI-R rose to one on Wednesday. The QQQQ completed the 9th day of its short term down-trend. However, the QQQQ is just below its critical moving average. A rise from here could turn the short term trend positive. The market seems able to hold up under a flood of bad earnings. So, the selling may be done for now. This appears to be a time of considerable back and forth in the market. I remain mainly in cash.