Here’s Why I Think We’ll Go Higher


The Nasdaq closed today about 5% below its recent high
, and
decidedly below its 50-day moving average. Despite this seemingly negative action,
I strongly believe this is just a necessary
correction before we rip higher in the coming months.



One reason I say this is because
volume has been fairly light the entire
decline. Additionally, we still have
a number of growth stocks at or near new highs. While stocks
like Yahoo!
(
YHOO |
Quote |
Chart |
News |
PowerRating)
are raked over the coals, names like

Genprobe

(
GPRO |
Quote |
Chart |
News |
PowerRating)
set up.



It is a good idea to keep close tabs on sound companies
right now. As the market corrects, many strong growth
candidates will form new base patterns and eventually
use them to launch to new highs.

I hope to see many of you at the
Online Investment
Conference
in

Las Vegas
this Saturday!

Tim
Truebenbach

timt@tradingmarkets.com