ARTERIAL VASCULAR ENGINEERING Message Board

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Biotech / Medical : ARTERIAL VASCULAR ENGINEERING

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To: Jeff Gurian who wrote (283)	10/28/1997 3:02:00 PM
From: Zeus549	Read Replies (1) of 339

Jeff, Hope today is a better day for you. I'm on the sidelines until about the middle of next week I believe. I would suggest taking a look at the charts for the Dow and S&P at the low this past April and the low last year in July. If this is just a temporary (and overdue) correction, then we may see the same pattern of a bounce today , and then a couple of more slightly up days, and then some downs to retest the new low area. If this is more than just a temp correction, were going to see a lot more down. Currently I'm leaning towards this as a correction since the basic fundamentals don't seem to indicate a real crash is in order a la 1987, when the interest rates and economy were not in this good of shape.

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