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Strategies & Market Trends : Shorts waiting to happen

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To: Cadaver who wrote (648)	9/3/1996 8:46:00 AM
From: dppl	of 852

Hello Cadaver and thanks for your view, You might look at an article about money flows in this week's Barron's - page 12 I think (should be on the web). The author detects decreasing cash flows into many key DOW stocks and says that histroically this presages a major correction/bear market - I think he's saying something that Elaine G. had cited in her announcement recently. But I take your point, the NAZ has "tried" to rally during the last week and if weren't for interest rates we'd probably be much further up. Now, with the Iraqi situation and oil prices and the Fed announcement it looks like it'll have a pretty hard go of it. Take care. Thomas What about a long term put on CPQ? It just described a bear wedge with a big curving arch - it did this before and came down 6 to 8 points.

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