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Market Action Very Similar To 8-16-2007 - Bullish - Updated - NFLX, APKT, SNDK

|Includes:APKT, NFLX, PowerShares QQQ Trust ETF (QQQ), SPY, TNA, WDC

Below is a snapshot comparing the 8-2007 NASDAQ to the current NASDAQ (green arrows represent the the two positive reversal days). As you can see the market managed to rally quite significantly off that turn around to new highs. That was the most profitable part of the rally for swing traders.

http://capitalistbull.blogspot.com/

Disclosure: Long NFLX and APKT

Stocks: QQQ, SPY, NFLX, APKT, WDC, TNA