Bouncey

Well 4x Witch is never fun but being the market was down 3 days in a row and we were at support, (50day both in the sox and QQQQ), we lifted mainly at the end of day. As far as leaders go, bidu and goog did nothing but KOSP lifted nice due to findings that digital mamograms do better for women 50 and under. This lifted the stock nicely through out the day abd could be a water shed for the company. Think about it. The ablity to turn everything to digital is the future. Take for example what happenned with hurricane Katrina. Many people permantely lost their medical records due to they were hard copy on site. Putting that in a digital form, would enable these records to be stored off-site. After 911 and this storm, there should be a mandate to turn everything into digital form to back them up in various areas.

Outside of that, IPII was a nice bounce off 20.6 which I got two points on. And I am long the QQQQ off the bottom channel and will see if we retest that post Katrina high. What might break us through is the shear money being spent to rebuild after Katrina. Now on the neg side is interest rates. I will be watching the 10yr to see if that top yield range won't be violated. If that happens, all bets are off. This whole spending re-build has been ingored so far by the bond market but there has to be a limit somewhere. If rates suddenly spike, this will show the bond holders believe the deficit is becoming a problem.