2007-3-20 2006-10-31 It is unfortunate that the usual market leaders, technology and small-caps, have been lagging. Regardless, the charts of the S&P 500 and Dow Jones Industrial Average look very healthy. Even though we mentioned that the 2240 area would need to be seen in the NASDAQ Composite to know for sure that the bottom is in, confirmation from the S&P 500 and Dow (which would definitely happen by that point) quite possibly would suggest that the lagging indices will soon follow suit. Therefore, in the short-term, our eyes are on the action in the S&P 500 and Dow Jones Industrial Average. 116024 text/html http://www.nasdaqwizard.com/midweek072606.html 1.0 EN index,follow It is unfortunate that the usual market leaders, technology and small-caps, have been lagging. Regardless, the charts of the S&P 500 and Dow Jones Industrial Average look very healthy. Even though we mentioned that the 2240 area would need to be seen in the NASDAQ Composite to know for sure that the bottom is in, confirmation from the S&P 500 and Dow (which would definitely happen by that point) quite possibly would suggest that the lagging indices will soon follow suit. Therefore, in the short-term, our eyes are on the action in the S&P 500 and Dow Jones Industrial Average. text