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To: mishedlo who wrote (119216)	9/1/2001 4:34:11 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

It would take a massive inflationary policy to do what Gem-x forsees. If he is even half right you would do well to buy gold futures and nothing else ... Nasdaq 3700 by next year is so slim as to be impossible -- the Fed will panic, but it won't be enough to give that kind of retrace. I think we have two possibilities 1) Complete washout beginning almost immediately and a very large retrace from much lower levels 2) A false double bottom just above the lows which carries into next year for the main event ... Everyone expects and is positioned for a bounce next week. We go down -- either to new lows or very close to them and the BK is postponed for a couple or 3 months.

To: mishedlo who wrote (119216)	9/1/2001 5:13:23 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 436258

mish, I can't see in Waves, though I used to date them when I was in the service. Wacs and Wafs, too. <G> Actually, if it has to do with TA, I'd just as soon call Miss Cleo's 900 number.

To: mishedlo who wrote (119216)	9/1/2001 5:16:29 PM
From: Shack	Read Replies (1) \| Respond to of 436258

Mish with all due respect, for trading purposes e-wave is not about 'getting the count right'. Its usefulness comes from its ability to identify low risk set-ups. Counts are really open to interpretation until after the fact. However, once you are really familiar with it, there are quick clues to determine if one is on the right path. That being said, the first count is IMO a ridiculous bull count that has the Nasdaq heading to new highs (yes past 5000!). I think there are a few clues that might suggest that this is a VIRTUAL IMPOSSIBILITY! It is at the very bottom of my list of preferred counts but until the April low is violated, it remains at most, marginally valid. That guy gives e-wave a bad name BTW, he's been changing his count to suit his obvious clownish tendencies. Did you see the PM he sent Luc? A riot! The second count (which is also my preferred for the DOW) has all the right pieces in place. We most certainly just had had a 5 wave impulsive down in the DOW and if the ensuing rally is corrective (and by e-wave guidelines, it certainly looks that way), then the next top will provide as good a short set-up as I have seen in the DOW since early June, and maybe since I started trading. I am not a permabear (although I am definitely bearish for the foreseeable future on the economy) and actually I see a multi-month bottom coming for the DOW/Nasdaq in a few weeks. But that chart is screaming lower to me short-term. Mish, e-wave is not the holy grail, but it is certainly a useful tool in my trading arsenal.

To: mishedlo who wrote (119216)	9/1/2001 11:31:11 PM
From: stomper	Respond to of 436258

Mishedlo. FWIW, I've followed velo's stuff for a long time now and I've found him to particuliarly accurate when we are in heavy downtrends. He does not seem nearly as confident in upmoves (which I think he woul probably agree with b/c he's generally more comfortable selling short.) I've been following gem-x from the Dr. Bob board and have seen him change his sweeping proclamations in the course of a couple days and make horrid calls in major downtrends. I know you've been hanging over there, but I think the guy is a punk and the way he spouts off on the boards about his calls and other's misses is hack at best. Velo's been around for a long time, and to me, really knows his stuff...particuliarly in the middle of good doooown. JMO. -dave