Last week there was a lot of action for the TTT.net portfoio after going through a fairly stagnant period after the dow began to fall from its peak near 14,000 and the market became frantic over the credit crisis. I sat on the sidelines for a while as there wasn’t much opportunities arising in my area of expertise, that being the OTCBB markets, and took a couple of vacations, enjoyed summer sun, and visited family which was excellent to take a quick breather.
Though all the sudden the OTCBB stocks started sky rocketing which we have capitalized on and now the ttt.net portfolio at its record high 158.24% in 17 months since inception, which entails crushing the S&P 500 benchmark by 1242.15% since i began the ttt.net portfolio.
Friday was a nasty day in the broad markets as the DOW and Nasdaq fell 1.87% and 1.86% respectively on concerns of whether or not the FED will actually cut the rates as economic results continue to create fear and a sense of “what the F*c*k do we do?” now. As the Dow tumbled 250 points the ttt.net portfolio had 5 out 0f 7 stocks rise in the portfolio jumping the portfolio another 3% on the day for a all time record high, apparently someones picking the right stocks to trade 
. Though now that we’re at all time highs, i think its probably wise that i take some profits soon so i stay at all time highs as my stocks made a big run this past week, and profit taking is probably just around the corner.
Technically the Dow was looking great as price had broken out of the descending channel strongly and looked to be continuing north after the bound on Thursday near support. Then profit taking friday came and bashed this pattern down with some force forming a very bearish candle and putting price back within the descending channel. Next strong support area looks to be coming in around 12,900 at the ascending trendline. Guess we’ll see how the market reacts this week.
