>>>I still have my doubts for the bullish case for the NDX when I see stocks like DELL, AMGN, JNPR, and INTC dragging.>>>
AJ my take is out with the old guard (i.e. INTC, DELL, JNPR, CSCO, etc) with new $$$ flow going into the smaller/mid cap more nimble players. Rarely are leaders of a past bull market (late 90's) leaders of the next bull market due to massive overhang/resistance, multiple stock splits, size issues, etc. JMO we'll see as always.