The GMI is still 6. 39% of the Nasdaq 100 stocks advanced on Wednesday, along with 50% of the S&P 500 stocks and 40% of the Dow 30 stocks. 
There were 266 new 52 week highs in my universe of 4,000 stocks. 47% of the stocks on the IBD 100 list from 11/20 advanced and only 8 of them hit a new high. Wednesday was the 82nd day in the QQQQ up-trend. AAPL and RIMM appeared to bounce off of major moving averages on Wednesday, but GOOG continued to weaken. This market has yet to tip its hand.
GMI: 6; GMI-S: 63; 81st day of QQQQ up-trend; 59% of stocks declined since peak
The GMI is back to 6 but the GMI-S slipped to 63. 
Only 31% of the Nasdaq 100 stocks rose on Tuesday, along with 45% of the S&P 500 stocks and 43% of the Dow 30 stocks. Only 21 of the IBD 100 stocks from 11/20 advanced and 13 of them hit a new 52 week high. Just 58% of the Nasdaq 100 stocks closed higher than their 30 day averages, down from 74% on November 24. This market has still not tipped its hand. However, the fact that the market leaders (AAPL, GOOG and RIMM) have all closed below their 30 day averages is a bad omen for the general market. Since the QQQQ peaked on 11/24, that index has fallen 1.9% and 59% of the Nasdaq 100 stocks have declined.
GMI: 5; GMI-S: 69; 80th day of QQQQ up-trend
The GMI declined one, to 5, as there were only 96 stocks that hit a new high 10 days ago and closed higher on Monday than they closed 10 days ago. (I count 50% as positive for this indicator only if there were too few new highs 10 days earlier to achieve the required 100.) 
50-56% of the stocks in the Nasdaq 100, S&P 500 and Dow 30 indexes rose on Monday. There were 259 new 52 week highs in my universe of 4,000 stocks. 53% of the IBD 100 stocks published on 11/20 rose and 20 of them hit a 52 week high. The GMI-S slipped 6, to 69, as one of the short term indicators for the IJR (S&P smallcap 600 ETF) turned negative. Monday was the 80th day of the current QQQQ up-trend.
