Day 6 of QQQ short term-down-trend; T2108 = 10%

GMI0/6
GMI-20/9
T210810%

We completed the 6th day of the new QQQ down-trend on Wednesday.   The Worden T2108 indicator is at 10%, up a little.   I wish I had the courage to buy a little of QLD.   The Worden T2108 indicator rarely goes into single digits and is a sign of an extremely oversold market. I saw this interesting article about technical analysis this morning.   Technical analysis always works better than fundamental analysis when markets decline a lot.   Technical analysis tracks human psychology and behavior. Fundamental analysis is based on company “facts” and subjective interpretations   about their business.