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To: John Madarasz who wrote (34481)	3/19/2002 12:16:32 PM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

FED OMO 3/19/02... No Action app.ny.frb.org

To: John Madarasz who wrote (34481)	3/19/2002 12:24:46 PM
From: JRI	Read Replies (1) \| Respond to of 209892

I don't see it happening before Fed now...not enough time left IMO (my thought is we sell off some into Fed).. Post decision, I am thinking immediate sell-off, and then bounce....and then ??? I may cover on the 1st selloff and wait for the bounce to exhaust to reposition.. I would love to reposition on that NDX you mentioned post-Fed decision..