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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (35438)2/24/1998 9:52:00 AM
From: marc chatman  Read Replies (1) of 58727
 
Donald, regarding the osx, the price of crude has been making lower lows and the osx index has not. In fact, I believe oil was about a couple buckshigher last month when the osx dipped below 90. I feel this divergence could be significant and indicate the index is starting to decouple from the price of crude.

Also, when crude dropped an additional $.40 yesterday afternoon, the osx held steady. Perhaps another indication.
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