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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: hotlinktuna who wrote (54365)	5/30/2002 12:30:13 PM
From: Dave Gore	Read Replies (2) \| Respond to of 208838

Tuna, I'm still not playing much, if any, long in my short term accounts. Market still not confident enough. Today's bounce near 1600 could be anticipated as many viewed it a time of low risk unless it broke 1600, but the Naz couldn't hold above 1630, which it technically needs to in order to move higher. Nothing really wrong, just not enough signs of improved profits yet. We need upside pre-announcements for the Market to really do well "long". Until then, mostly minor plays. I was encouraged by the improvement in May enterprise software spending and in the number of RFQ's. The channel checks look much better than last year at this time and better than anticipated. Could help ORCL and others.