NASDAQ STRENGTH

RALLY IN NASDAQ COULD LEAD TO NEW HIGH IN THE DOW

Whilst we have been watching the InvesTRAC short term model to see if the Dow is going to give a sell signal, the Nasdaq Composite index has given a short term buy signal which could have an interesting knock-on effect. Have a look at the chart below and you will see that Nasdaq's drop in March was so much greater than the Dow's...the Dow is holding support which looks like staying intact whereas the Nasdaq should beat 4155.1 (if technicals to be believed) and continue higher.