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Technology Stocks : PROGRAMMER'S PARADISE (PROG)
PROG 0.146+6.5%Jun 13 5:00 PM EST

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To: Carl R. who wrote (2064)1/28/2000 8:53:00 AM
From: Zeev Hed  Read Replies (1) of 2383
 
Carl, I do not think that we will get a sizeable rally in the next two weeks, yesterday was just enough to relieve some of the oversold condition. I also think that the long term is not going under 6.25% and will be bound short term in the 6.25 to 6.75% before it makes a last attempt at 7%. I really do not see us breaching 7% short term, but who knows, with the CRB more than 20% above its bottom, inflation may finally rear its ugly head. ASfter this malaise, I see resumption of the bull market until much later this year (into the elections or just before that?)

Zeev
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