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To: E. Graphs who wrote (88168)	2/26/2001 2:21:42 PM
From: isopatch	Respond to of 95453

Hi EG. Pretty much broad market response to rate cut rumors from last week. OSX just acting in sync with that here. Stochastics don't look hi to me? Closer to being where you could anticipate a ST rally or at least another bounce up the recent trading range. But right now I'd not put as much stress on any of the oscillators in what is basically a ST news driven tape. siliconinvestor.com My guess is scalpers are already playing the strength and will reshort when: 1. There's no cut and the market tanks. They'll not have much time to even exit into cash unless they're VERY nimble. 2. We get 50 bp cut and they let ST holds run till the rally peters out and we again resume the primary Intermediate decline. Mosting interesting posibility IMO would be what we could term 2-B (ggg). We get 25 bp. Market dips, somewhat disappointed, and then rallies back up the trading range. Iso