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Tuesday, September 25, 2007

Nasdaq 100 Breakout

The NDX came close yesterday, and broke out today. Volume was low. Technologoly and energy have been the secors pushing this up.

Energy is pulling back and close below support today. I strongly suspect this is a very temporary situation.

Technolgoly is on the verge of breaking out here, closing right on resistance. For the time being, big cap techs seem to be working best.

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