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To: Earlie who wrote (82729)	3/20/2001 11:43:31 AM
From: AllansAlias	Read Replies (1) \| Respond to of 436258

Yes, I agree with your thinking on the rate reduction. Last time I read, the game looked to be 50/50 .50/.75, but like you, I think AG does not want to do .75 because he is the sort to look at the wider picture. Said picture calls for a modest decrease. I wonder where the pressures for .75 would be coming from these days? I doubt the administration is pressuring him as they have been saying soothing things about the economy -- as they always do. Nice play on CLS. Cheers.

To: Earlie who wrote (82729)	3/20/2001 11:43:48 AM
From: Perspective	Respond to of 436258

I agree with Allan here - wave structure, short-term conditions, and history favor a bounce here of another 10% or so on Naz, with resistance at 2300. I don't know why it would happen, except that either a) AG lobs the 0.75 grenade at us instead of squeezing off his 0.50 pistol or b) AG disappoints with 0.50, but everybody "expected" the disappointment and has already sold. This has all the look and feel of delivery of expected bad news - a 0.50 cut. Sell the rumor, buy the news. So you've priced in "bad news", and the news will be bought. And if the news is good (0.75) it will be bought "IN SOIZE". Be careful on this one - it's a trick question. <g> That said, earnings season is right around the corner, and I expect it to be unexpectedly bad. "Tomorrow, tomorrow, it's only a day a-wayyyyyy". BC