JAPAN-Nikkei-Time to go back up? Message Board

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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: Crossy who wrote (3471)	9/22/2003 11:23:43 AM
From: borb	Read Replies (1) of 3902

11:00AM: Indices continues to pare their losses as the Nasdaq finds support above its 50 period simple moving average, at 1870... The recovery effort, however, seems to be more a function of stocks working their way off their lows, instead of a broad-based rally launched by an influential industry group... Transportation, retail, financial, biotech, technology, and cyclicals are still down by more than 1%... Elsewhere, the dollar's freefall against the yen has also dragged the treasury market lower... Compounding the concern over foreign investors fleeing treasures have been comments from Fed Governor Bernanke... The FOMC member said that Q3 looks like a "very strong quarter," and that he sees a "definite pick-up in growth"...NYSE Adv/Dec 594/2374, Nasdaq Adv/Dec 658/2203

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