9.28.07

9.28.07

                        We have started to make posts on our Blog. Check it out.                     

            It is two weeks in a row for the market to the upside. Even this week, not a single report of a BEAR sighting. Seems like they all went into hibernation right after the Fed eased interest rates. Today (Friday) was the end of the calendar quarter and you always see a lot of window dressing going on with the Portfolio Managers. In spite of that, the giveback today was very small. A lot of talk on the street that the market is overbought, and needs to slow down. We believe that the earnings reports will do what they always do. Reward the companies who have good reports and bump down those that don’t. Remember that the market can remain overbought for a long time. It usually takes some event with some fear to make it pull back. The market handled the GM strike very well. When bad news doesn’t hurt the market and good news helps it, that’s when want to be in.

            We continue to be 50% in each, the DJI and the NDX. We will be watching the earnings reports closely to see if they give some indication of future moves in direction.

P.S. I had to finish this early for posting. I will update the results sections over the week-end.

Till next time

The MTA Staff