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Strategies & Market Trends : Shorts waiting to happen

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To: Cadaver who wrote (645)9/2/1996 12:49:00 PM
From: dppl   of 852
 
Hi Cadaver,

I noticed USRX and SHVA moving very much in tandem for the last week - does your chart show something else similar going on there? BTW, the ARMS index showed a big divergence all week between the DOW (as high as 130s - very bearish) and the NAZ (as low as 75 on Tuesday - bullish). By Friday they were closer together but the DOW was still in bearish territory and the NAZ was about neutral.

See any good plays? I'm long EAGL and OCTL, thinking of BBBY on Monday. I have puts on SDTI and SHVA.

Take care,

Thomas
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