Is it NASDAQ's Time?

If you take a look at the major composites, you'll notice that all but the NASD have recently broken through their 2000 highs. The NASDAQ is still nearly half of what it was in 2000.

Maybe the last few days are indicators of where the next phase of the market is headed.

Tech has been hot lately. People are starting to upgrade to take advantage of the new features in Windows Vista. Apple just released a robust new operating system. Folks are wanting new computers for Christmas.

Will tech catch up with the rest of the market? We'll have to wait and see, but things sure look like they are moving in that direction.