The GMI kept me out of this market decline. Both the GMI and the GMI-R are at zero. I will wait for the GMI to get back to 3 before I will even consider going long again. Meanwhile, my account rose on Tuesday, as I held some TYP and some put options. I have been writing that GOOG looked weak, and it fell 3.77% (-17.82) on Tuesday. The pundits blame various news events on Tuesday for the decline. We know, however, that this down-trend was in existence before Tuesday. The market telegraphs its trend, if one is willing to listen to and follow it. Check out the daily GMMA chart below (click on to enlarge) and note that the short term averages (black lines) are declining well below the falling longer term averages (red). The time to be long is when the short term averages are back above the long term averages and both are rising, as was the case from February through April.