Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 176.42

-3.4%

12:37 PM EST

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To: ajtj99 who wrote (46222)	8/29/2001 9:14:33 AM
From: LTK007	Read Replies (1) of 56535

i robot,max in AI mode--i don't use e-wave so i would not be impressed by someone agreeing with me as i don't have a clue to why? I have read so many absurd predictions from e-wave i just can't get interested. Plus i don't know where we are going,i just work on an odds basis. I have no magical system as i don't believe there is one. In the end it is an interpolation of many thought processes. TA provides a framework in which we then must apply the other disciplines. All my looooongterm views are based on history of price versus fundamentals,and based on that,we have huge room to go down MUCH MUCH further in all the major indexes. The S&P500 in 1982,in the pessimism cycles the P/E was 6-1.The S&P will be 40-1,minimum,at the end of this year at it's present price. Now tell me the analysts are not bogus shameless hucksters in the main. Again i see idiots on parade today saying GDP is good ,because it was revised DOWNWARDS from 0.7 to 0.2. And can just imagine the juggling going on to keep i from negative--don't doubt for a minute they work as hard as they can to get the best possible number. But regardless the first revision is worst than the first number,which then was viewed as BAD,so the downward revision to 0.2 is GOOD--like i say idiots on parade. New prediction--S&P 600 sometime before 2003. That's my allotted doomsday post for this week.Later and AI system now de-activated.i robot,max

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