We are confident that the Nasdaq will move higher.

NASDAQ 100 Trust Shares (QQQQ) it´s a fund designed to correspond generally to the performance of the Nasdaq-100 Index. We can use that fund, for example, for measure the intraday market performance.

Here we present the 5 minute chart since the begining of the year.Today we assist to a breakout of a very significant triangular formation, so we can expect that the Nasdaq will soon achive new highs and we can expect the continuation of a uptrend. Off course a natural correction can occour, in particular near the old resistance (+- 44). Now the old resistance tends to become new support.

We only need to reformulate our forecast of the Nasdaq behaviour in the next weeks, if we have a strong breakdown of the 44 suport. In our opinion, given the technical pattern, this scenario can occour with small probability.

So, we are confident that the Nasdaq will move higher, immediatly or after a small pull back.

We also recall that since close prices of last week (05.01.2007), our recomendations for this week give the following returns in 3 days:

MOT 4.3%

NWK 12,37%

We hope that next weekend (or Monday morning) we issue similar recommendations.

We wish you good investments and that our ideas will help you.