According to my indicators, the market has moved to an up-trend. The GMI is now 4 and the GMI-R is 7. Wednesday was the first day of the new QQQQ short term up-trend. I am slowly adding to my positions in QLD and other growth stocks. I remain vigilant for any signs that this rally will fail. The key is to have many small losses and a few large gains. Anyone who cannot tolerate and take small losses quickly should not be in the stock market.