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

To: nsumir81 who wrote (16030)	2/4/2003 8:19:29 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 19219

Employment is a lagging indicator. Companies will not add employees until business has already picked up, and stock prices have already risen. The reverse occurs at the end of the cycle, as the companies hire too many, expecting continuing growth- after the growth phase has peaked. Employment is worthless as a market indicator. Although it can make for better entries and exits due to knee jerk reactions to reports.. And you are correct here, a REAL BULL MARKET doesn't require one to be too selective. You could say we haven't seen a REAL one in a looong time- like before early 1998, when the A/D line topped.

To: nsumir81 who wrote (16030)	2/4/2003 1:00:33 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to 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