wed 4/30/2008 1:23pm

minutes before the fed either cuts fed funds another 25bp or do nothing.

if nothing, the strong ndx index may peak and chiu index's top holdings will be reversing.

the april rally in the tech sector has been fabulous and chiu index has climbed +18.74%.  still, the index is -11.196% in 2008, trailing the spx index at -4.713% for the year.

before the fed announcement, here are the top 12 chiu index holdings with percentages and the weekly technical picture.

chiu index is at 1057.602 and only bidu within the top 12 is close to break even for 2008 at -0.81%.