Friday, July 22, 2011

While MarketBeat Whoops it Up: "Nasdaq 100 Rallies to Highest Level Since 2001", I'm Biding My Time (QQQ; NDX)

Here's MarketBeat:
The Nasdaq 100 rallied to a decade high, finally pushing through the 2420 level after multiple failed attempts during the last few months.

The index up 28 at 2432 is at its highest level since February 2001....MORE 
And here's the one month chart via Slope of Hope (click to enlarge):