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Technology Stocks : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (1969)	6/26/2000 8:09:00 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 3951

I like P&F and am glad you posted that chart here. BTW, this from briefing seems kind of relevant> Despite early indications that Q2 earnings season will be filled with positive surprises, at least in the tech sector, the market ended last week on a sour note, with techs leading the retreat. Was it nervousness ahead of the FOMC meeting; disappointment over the stubbornly high price of oil; or fears of a hard landing that prompted the pullback? While each of these factors probably played a role in triggering the retreat, Briefing.com contends that the primary reason for the market's late week decline was an overextended technical condition. Most of the leadership/momentum stocks had simply run too far too fast and were due for a bout of backing and filling. If true, then it won't be but another few days before the market is in position to rally once again. Stocks likely to get a boost mid-week from news that Fed has decided to leave rates unchanged. Though widely expected by the market, and as such largely priced in, the news should still trigger gains in that more and more investors likely to view decision as turning point in the tightening cycle. Add the good news on the rate front to indications of strong Q2 earnings and the positive bias is likely to return no later than week's end. However, as we noted on this page last week, it's looking more and more like the market is entering an extended period of range trading. Consequently, don't look for renewed bullishness to carry the indices too far.