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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (38696)	12/31/2002 9:46:45 AM
From: j g cordes	Read Replies (1) \| Respond to of 69956

Two interesting Briefing notes: 08:54 ET IBM Q4 results could be above consensus - Soundview (IBM) 77.36: -- Update -- Soundview says that checks indicate IBM's Q4 earnings could come in closer to firm's est of $1.36 rather than consensus of $1.30; believes the U.S. finished above plan and services rev grew 4% YoY (excluding PwCC), and firm forecasts record services bookings for 2002 on the heels of several recent large deals, which suggest that the large deal logjam appears to be breaking up. 07:12 ET Consolidation in software industry may be underway - WSJ : The Wall Street Journal's "Heard on the Street" column says that the long-awaited consolidation of the software industry may finally have begun, citing recent acquisitions by IBM, YHOO, VRTS, COGN, and SY; one fund manager's picks include CPWR, BEAS, and CTXS, while another sees LGTO and NETE as likely acquisition candidates.

To: j g cordes who wrote (38696)	12/31/2002 3:15:32 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69956

Jim, I agree with your appraisal on individual stocks. That is why I was interested in the probabilities for the indices. I have used the information as a confirmation during extreme market sell offs. It is a confirming signal to the T2113 Worden indicator I use. The information does not relieve one of the necessity to pick the stocks carefully using whatever TA or FA one normally uses.