It was nice to be mainly in cash during Tuesday’s decline. I own a little QID, which rises 2X as much as the QQQQ falls. I will wait for the short term trend to turn up again before I acquire any long positions. The key to success in the market is to lose little during market down-trends. As long as the QQQQ remains below its 10 week average, I will not buy growth stocks. (Click on weekly chart to enlarge.) The longer term trend remains up, in a Stage 2 advance.