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AAPL continues to weaken–an ominous sign for the market.

The expected bounce from oversold has begun. There were 657 new lows on Monday and 58% of the Nasdaq 100 stocks hit a very oversold level.

I am more confident of a change in trend after it has lasted 5 days. The GMI has also flashed a Sell signal but is also subject to whipsaw moves. I am on the sidelines waiting for the trend to define itself more clearly.