As the GMI declines to 3 (of 6) and the more sensitive GMI-R to 5 (of 10), the QQQQ short term up-trend is uncertain again. Without a reasonable advance on Wednesday we will begin a new short term down-trend in the QQQQ. The longer term trends appear intact, however. This is a time for me to wait patiently for a clear sign of the next significant short term trend.