We are still looking at a
buying opportunity in the market following the volatility breakouts in
both the Nasdaq and the SP 500 on October 28, 2003. The Nasdaq added
another one November 3, 2003. and both the Nasdaq and SP
500 added another one this week on November 12, 2003.
The MACD indicator is up in
the Nasdaq on both the daily and weekly time frames and it is up on
the daily in the SP 500 and flat on the weekly. We will continue to
recommend long positions until we see a volatility break down in
either the Nasdaq or the SP 500 followed by a MACD crossover in both
the daily and weekly time frames in either index
