I have never seen a market so split like the current one. The QQQQ rallies for six consecutive days and rises 6.7%, even as the longer term technicals seem to remain in down-trends. Many of the stocks I follow now have a stochastic value above 80% and the Worden T2108 Indicator is now at 68%, close to overbought territory. Much of the market seems to be overbought even as the indexes remain below important moving averages. So, what to do? I will stand pat on the sidelines and wait to see if the indexes can push through these averages and begin a longer term up-trend. Failure to get through the resistance could lead to a significant decline. With the GMI at only one, I will not go long.