It's an oversold bounce, ... After you get oversold, you have a reflex rally, and that's what we're seeing now.

Sentiment on Wall Street has gotten to an 18-month low. When sentiment gets this bad, you know the bounce is pretty darn close.

Technically, it looks like no more than a reflex rebound, an oversold bounce.

We would characterize today's rally in the tech sector as an oversold bounce.

This is a reflex rally from the depths. Psychology has improved for two straight days, it's typical for the market for cattle.

It's all Microsoft, ... The broad sell-off in the techs is because Microsoft spoke about [slowing] demand.