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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (15981)	1/30/2003 4:46:48 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 19219

Pray tell what is the evidence that says you KNOW things are getting better. PeopleSoft stock rises on upgrades, results PALO ALTO, Calif., Jan 23 (Reuters) - Shares of business software maker PeopleSoft Inc.(NasdaqNM:PSFT - News) rose 11 percent on Thursday, fueled by better-than expected fourth-quarter results, and analysts' stock upgrades and estimate increases. biz.yahoo.com Hyperion Solutions' profit soar, sales rise 11 percent biz.yahoo.com UPDATE - SAP defies software gloom with 2002 profit biz.yahoo.com software hiring (look at the dates on the req's) hotjobs.com hotjobs.com hotjobs.com Software Looks Ready to Make a Comeback Thursday January 23, 9:03 am ET By James J. Cramer, We've seen enough to proclaim that software is a comeback area. It joins wireless as a sector in tech "where something good is happening." How good? We won't know until March, probably. Everyone tells me we saw a lot of "budget dump" in both telecom and software in the fourth quarter. I think that once the budgets were spent, telecom shrank back to where it had been. (Hence, I think the Nortel (NYSE:NT - News)/Alcatel (NYSE:ALA - News) world is only a trade.) But from the looks of things, we have seen genuine improvement at Siebel (NasdaqNM:SEBL - News), PeopleSoft (NasdaqNM:PSFT - News) and Oracle (NasdaqNM:ORCL - News). As someone with a longer-term perspective, I dare not buy these stocks, although I am sorely tempted to. I am afraid I will discover in March that there was a spending blip, which would mean the gains I expect from this troika over the next six weeks will disappear. biz.yahoo.com