Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: swisstrader who wrote (15909)	9/17/1999 5:26:00 AM
From: swisstrader	Read Replies (2) of 108040

Briefing.com on what today's action MAY look like...ADBE earnings should help the tech sector and will hopefully be a strong Friday: Another rocky session for the techs and the market, as traders remain confused over the interest rate picture... Earnings concerns, the dollar's recent slide, deteriorating technicals and today's triple-witching session also weighed on investor psychology... But a late recovery try trimmed the losses significantly... Sets market up for a positive open today. Friday's have been good to the sector in recent weeks, and when you add the positive tone at Thursday's close to the good earnings news from Adobe Systems (ADBE 97 7/8 +2 9/16) it looks like we're set up for another strong finish to the week... However, for the bullish scenario to play out bonds must behave and the S&P 500 needs to remain above its 200-day moving average... Should the benchmark index seriously breech the 1310 level, rest of market likely to follow suit.

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