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Biotech / Medical : VISX
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To: W Shakespeare who wrote (1310)10/1/1999 5:51:00 PM
From: William Nehls  Read Replies (1) of 1754
 
Would like to believe that this is a normal correction (105 -72 = 33) but charts are looking very poor. Stock has broken down with expanding volume. Next support is around 68. Tax selling by retail type investors will start to come into play and rising interest rates hit high growth stocks the most.

Too many bombs going off in market to guess the bottom here. If it rallies from here volume must expand or it is a trap. People have been conditioned to buying dips on VISX but selling is the dominant action currently. Be careful.
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