Swing Trading Strategies & Stock Picks Since 2003

No change from Tuesday; the GMI and GMI-R remain at zero.  There were 26 new highs and 310 new lows in my universe of 4,000 stocks on Tuesday.  The Worden T2108 indicator is at 40%, far from bottom territory.  This is a great time to be short or in cash.  Don't let the pundits scare you into the market.  There is plenty of time to jump on board once a bottom is in.  The key is to wait for the turn rather than to try to anticipate one.  A real up-trend last weeks, months and sometimes, years.  The up-trend in the QQQQ  that began in July, 2006 lasted until November, 2007.  One could have entered that market 3 months after the bottom and still have caught the bulk of that rise.  There is plenty of time to get back in after a real turn.