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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: Tunica Albuginea who wrote (18593)2/14/2001 5:42:11 PM
From: t2  Read Replies (1) | Respond to of 24042
 
TA, The Goldman Sachs survey of IT managers paints a very positive picture....not anything close to the doom and gloom we had been expecting...meanwhile the Naz has tanked over the last 8 to 10 months.

It may be a factor going forward if enough people are convinced the worst is over.

Also CNBC noted that put/call ratio had spiked over 80 before the rally started...a good contrarian indicator.

The positive news on IT spending can be a reason to get money back into the markets and get Naz out of the trading range.