Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: ajtj99 who wrote (1268)	5/15/2002 5:39:45 PM
From: TechTrader42	Read Replies (2) of 1487

You're far too cynical, aj. The indexes were up because it's the start of a new primary bull market. The S&P GAAP P/E is over 40 (according to Decision Point), and it should be much higher (20 is overbought historically, but that was before the New Economy). I've banned you from this thread for suggesting expiration-related ramping. There are no crooks on Wall Street, and the market is immune to manipulation anyway. That kind of thing can't happen. I've also put you on permanent ignore. Don't send any notes objecting. I'm not listening!!!!!! I can't hear you!!!!! I want to hear only views that are the same as my own. It's the Toddler School of Technical Analysis. As for my own view on the market, as I intended to post yesterday, I thought the Naz would rise to 1725.56 today. I forgot to post the prediction yesterday. It was my hunch that the SPX would fall to 1091.07. People ask for details, and that's detail for you. I can't get much more detailed than that. I was right to the last decimal. I amaze myself.

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