an tSionna {02.28.12}

Here's two views of the Nasdaq 100 {Symbol QQQ} or just simply known in the business as the Q's.  You can see in this weekly chart here.....

....that the Q's broke out in January and have reached new post 2000 crash highs.  That's right I said post 2000 crash, not 2008 crash highs.  The Q's left the 2008 highs in the dust late in 2010 and used those old highs as support all last year while it was consolidating its gains.   

This chart below is a monthly chart that shows where the Q's traded in 2000.  We've a long way to go to get back to those levels.  You should know that in many ways the Q's are a proxy for Apple Computer as it is somewhere between 17-20% of this index depending on how Apple trades.

*Long Apple in certain client accounts.  Long QQQ and other ETFs related to QQQ in client accounts.