US stock market Summary -- 10/8/09 after close

The major indexes broke above the downtrend line today. Technically, the semi-intermediate trend is up. But my mid and short term view are not bullish. Also, my mechanical major top and bottom system has not issued a new Buy signal as of market close today. Although my QID postion for positioning trading was stopped today, that doesn't mean it's time to buy QLD for positioning trading. The short term trading system for trading SSO and SDS is still at short term buy signal.