My Indicators Go to Zero–T2108= 10%; Flash Thursday was no glitch

GMI0/6
GMI-R0/10
T210810%

The GMI and GMI-R are back to zero for the first time since March 9, 2009 at the re-test of the 2008 market lows.   The Worden T2108 Indicator is now at 10% (rounded, really 9.7%).   I have thought in the past that when this indicator is in single digits, I should have had the courage to go against the fear and go long a market index.   I would suspect that we are so oversold we might get a bounce back.   I do not think this is the time for me to add to my shorts.   I will wait to see if the bounce back begins to fail.   I think that this decline shows us that the “glitch” on flash Thursday was not a failure of the market mechanism. It showed how thin the demand for stocks was.   The media and government pundits’ comments obscured the true meaning of that sudden steep decline.

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