New Highs Today on QQQQ, NQ, NDX 100?

A real nail biter, QQQQ just 6 cents away. If not today then almost certaintly soon - otherwise double top. I'd way tech moves to new highs but SPX doesn't confirm. I'm standing aside, I'll patiently wait for the new highs and fade it with November puts so long as SPX doesn't confirm.

 

go long and make $

that simple

 

looks like lots of guys had stops at 2061 NDX-cash.

 

housing stocks still falling with this great bull market we are having today.

 

14k by 4pm

15k by the end of the week and if were really luck 20k by end of 2007.


Russel 2000 is the only weak spot but that shouldnt matter.

 

forget the small craps for a while:

RUT = 33% above 2000 high
INDU = 18% above 2000 high
SPX, NDX = still below 2000 highs

conclusion: institutional guys think small craps are overbought, they're not buying them right now.

 

Never a red day again. There i said it.

 

small cap sucks & underperforms the market

large cap is much better