Friday, September 28, 2007

Quarter End

My system has moved slightly higher to +550 and the buy signal is still on. I'm not sure the 4th quarter will be as exciting as the 3rd quarter was but since it's the quarter where tech makes most of its gains, I would have to imagine the Nasdaq will move to new highs. The Naz 100 already has been hitting new highs and is leading the market. Large cap tech: It's still the place to be. The dollar continues its unsurprising descent but at some point in the 4th quarter it will bottom at least for a short to intermediate term rally. Have a great weekend!

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