Wednesday, November 15, 2006

ALL 3 INDICES CONTINUE TO MOVE HIGHER



Looking at the chart above we can see that the DOW, SPX and NDX all made new highs today..If you look carefully at points A and B on all 3 charts, you can see that the nasdaq is clearly the strongest..All 3 indices are higher at point B when compared to point A, but it's the Nasdaq that is up the most from point A.. This is where the money is going folks..I wrote about the nasdaq strength 2 days ago when the $NDX was the first to break out.. I guess since the 4 year cycle low came early this year, everyone is chasing the market up.. Most analysts were expecting the 4 year cycle low to be in October but instead it came in July so now everyone is stepping over one another to get into this market..I'll wait for a dip to buy, I don't need to be stepped on.

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