February 16, 2007
For next week, we will take our queue from the NASDAQ semiconductor space.
Keep an eye on BRCM, MRVL and QCOM.
Do not panic about Ballmer-Gates comments on MSFT's Vista -- they are in rational expectation management business --- nothing about mass behavior during new market highs is rational.
NAZZ take off next week -- this week it put an outside bar reversal -- this is very noteworthy !!
SPX daily is in its +1 to +2 sigma channel and SPX weekly put in at outside bar reversal.
perma bears have begun to panic after Uncle Ben's Humphrey Hawkins Testimony on the Hill last Wednesday and Thursday while the Street gleefully celebrated its best Valentine's Day ever!!
STAY LONG -- add some high beta stocks to your account -- market will return some alpha back to you !!
Read more about why Market Timing matters in BusinessWeek, February 19 issue, pp 80-81: http://www.HamzeiAnalytics.com/docs/BW_TD.pdf