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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: nsumir81 who wrote (16030)2/4/2003 1:00:33 PM
From: Lizzie Tudor  Read Replies (3) of 19219
 
And I still have not seen an answer to my question of REAL across the board NET HIRING (not from 1-2 players doing well and taking biz from competition) ..now that we are told that the bottom was made what 7 months back-g whither the 3-4-6-9 mths 'lead' time?

All the software companies are in hiring mode, do you know of one that isn't? There is an additional drag on hiring resulting from this trend to global outsourcing.

I'm saying the mkt chops around here for all of 2003, which is not really the same as a roaring bull. I am questioning whether the nas can break the oct lows 1100 decisively. Doesn't look like it to me. I am not basing this opinion on stats like a 4-year cycle low, but rather what I know to be true in the software industry. Fundamentals bottomed last year and are moving up slowly. The software quarterly numbers were excellent for the most part. 20% y/y rises in some cases, that is *really* good. The best it gets for software is 30%.
Lizzie
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