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Strategies & Market Trends : Trader J's Inner Circle
NVDA 194.06-2.5%3:35 PM EST

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To: LTK007 who wrote (45974)8/20/2001 9:23:45 AM
From: ColleenB  Read Replies (3) of 56532
 
i think physics itself gives much insight into market action,

examining your charts does give one pause. Mathematically (the projected slope), the charts do not indicate that they're going to change their direction anytime soon. And given the fact that one of the major driving upward forces of the market, emotion (greed) is being held in check by the doom-n-gloom economic outlook, I don't foresee this downward trend stopping anytime soon.

In fact, one of your graphs showed a leveling off over the past few months. I'd bet this is the public reacting to the economic forecasts and this suggests (to me) that this is going to last for some time. As the sentiment has finally changed. Didn't somebody mention earlier that bull market's last on the average of 7 years? Looks like things are going to get a whole lot worse.

On a lighter note, there still are companies out there that represent value investing. In order to be successful in this type of investing you have to put aside all the hype and glorified projections and go back to basics. These are also not quick trades. Sold some ROST (my husband's find) at a nice double last week. We had it just under a year. Nothing exciting but, a 100% return I'll take.
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