The GMI-R fell one, to 5 on Wednesday. There were only 5 new highs and 12 new lows in my universe of 4,000 stocks on Wednesday. None of the 5 new highs were on my IBD100 lists from the past year. The QQQQ completed the 20th day of its short term up-trend. The T2108 indicator backed off from the peak level reached on Tuesday. I am still holding QLD as long as this up-trend holds.