I do not reenter the market on the long side until the moving averages indicate an up-trend with the 4wk avg>10wk avg>30wk avg.The rally this week might offer the last chance to get out or trim holdings. Then again, if this is a true bottom I will have plenty of time to get long again. Real up-trends last months. I never fight the tape. Look at this chart and see how nice it is to be long when the 4wk>10wk>30wk. The GMI=0. When GMI= 5 or 6 my long setups are more likely to work.
