2007-3-20 2007-3-20 The NASDAQ Composite, NASDAQ 100, and Russell 2000 have continued to consolidate this week, while the S&P 500 has continued its move higher. As we have mentioned in past commentaries, the recent sideways action relieves the stock market's recent overbought condition and allows for continued strength higher in the weeks and possibly months ahead. With the 50 day moving average approaching the current price of the NASDAQ 100, NASDAQ Composite, Semiconductor Index, and the Russell 2000, we feel the new leg higher should begin very soon. 80481 text/html http://www.nasdaqwizard.com/midweek122006.html 1.0 EN index,follow The NASDAQ Composite, NASDAQ 100, and Russell 2000 have continued to consolidate this week, while the S&P 500 has continued its move higher. As we have mentioned in past commentaries, the recent sideways action relieves the stock market's recent overbought condition and allows for continued strength higher in the weeks and possibly months ahead. With the 50 day moving average approaching the current price of the NASDAQ 100, NASDAQ Composite, Semiconductor Index, and the Russell 2000, we feel the new leg higher should begin very soon. text