![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgs7vx9pFLtBjlS3fQnR8iUOu_ssE1VVXn4qGDgLdgaQLPb256QewxLEN74ezXBesgPNN5bnutFWGGcKlnHqN8ExEA5zV_kSiL0x7XMStvt1fqp_AOxNJaCH7yugkLOjVkltxukQg/s400/070907+weekly+nasdaq+comp.jpg)
As you can see the index has rallied into the target zone I have been watching. Lately this sector has been outperforming the S&P but I think this period of outperformance is about to end. In any event I don't think the index will move out of this target zone on the upside until another reaction at least as big as the March 2007 break develops.
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