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To: Jeff Gurian who wrote (285)	10/29/1997 9:20:00 AM
From: Zeus549	Respond to of 339

Jeff, It's interesting to hear all the various scenarios presented on the news shows. If this market is really going higher, then is it going to be even more over valued? That's why I'm leaning heavily toward a trading range until the valuations and earnings get a bit more in line. There is some pretty compelling reasons for further correction but I don't see a lot of compelling reasons for extending the evaluations further. All speculation as usual.

To: Jeff Gurian who wrote (285)	10/29/1997 1:59:00 PM
From: Zeus549	Read Replies (1) \| Respond to of 339

Jeff, I just reviewed a 5 minute chart of the Dow and compared it to a five minute chart of AVE. They are almost mirror images. You can just about put one on top of the other, which at least for the moment favors the interpretation that AVE is valued a la the market and is basically moving with it now. Remember when it used to do it's own thing--doesn't look like the case any more. If youy have access to five minute charts --do it for yourself and see what you think.Of couse some new news could alter this temporary lock step.