Dow at 11511.08 and Comeau's Prediction : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Things are starting to look ominous for the stock market according to Jean Comeau's prediction, posted earlier on this board.

His key price point was 11569 to 11600, and this figure has been reached (interday) during the expected time frame.

If his predictions of a market crash are correct, the big one should occur sometime during the late January/early February period.

This prediction will be invalidated IF the Dow can plow ahead from this price level, and clearly the pressure is now on the bulls.

I noticed that during today's and yesterday's action, the 11570 level was frequently bounced around. Amazing how a point can become such a key turning point.

-- Sure M. Hopeful (, January 11, 2000


What are you "hopefull" for, "Sure"?

-- Bemused (and_amazed@you.people), January 11, 2000.

Nah, like I said earlier, you'll know it has started when they trip at least one of the pause circuit breakers


-- Chuck, a night driver (, January 11, 2000.

So is this a done deal? Are you shorting stocks?

-- Lars (, January 11, 2000.

DOW poised to got to 15K.

-- fatanddumb (fatdumb@nd.happy), January 11, 2000.

There's some economic reports due out later this week and Greedspin is going to give a little speech. Obviously it's been nothing but good news in the past because the market falls back and recovers rather quickly. I believe only a handful of people really know what's going on because they control it. However, they can't control inflation without someone getting burned.

-- stock holder (stockholder@stockholderrr.xcom), January 11, 2000.

Updates on Comeau's predictions are made only as a possible warning, and I do not wish that the stock market tanks. However, like King Canute's order to the incoming tides, my wishes and hopes are irrelevant to the future course of the market. What Comeau's prediction do, however, is give us a model to guess what' going on. As stated earlier, he is not a deity, and could be completely wrong, and I do not advise anyone to make a monetary investment based solely on these postings. Study and decide for yourself. Having said this, if Comeau turns out to be correct, we are headed for some hard times.

-- Sure M. Hopeful (, January 11, 2000.

They don't control inflation; they simply deny it.

-- Mara (, January 11, 2000.

S.A. Hopeful:

I like the new handle...seems appropriate.

I've noticed you've been watching this and periodically posting...and now you've got my interest peaked! Will you be willing to keep the economically-challenged among us (read ME) advised regarding the Comeau-situation?

Thanks again!

-- (, January 11, 2000.

Only the sheep think that to make money in the markets, they have to keep increasing forever. There are trading methods such as selling short, buying puts, selling calls, to take advantage of a declining market.

The object is to buy low and sell high. The order of the two transactions is immaterial.

-- A (, January 11, 2000.

This type of post is far more interesting to me than contrails. (Not picking at the contrail followers, just stating an opinion). Hopeful, would you please keep us updated on this. I find my time to research stuff like this is very limited. I'd appreciate the help.

-- Lobo (, January 11, 2000.

I am also hopeful that the mania soon comes to an end. The longer it goes on, the more the economy will be damaged when it ends.

-- Dave (, January 12, 2000.

As a point of perspective, take a look at The DOWGURU's prediction for Oct 1999

The site is still up.

The charts are still there. They look good, convincing, but....

Remember that the market is a point where the seller and buyer agree on a price, but totally disagree about the future, both thinking they are gaining by entering into the trade.

-- plonk! (, January 12, 2000.

Plonk commented:

"Remember that the market is a point where the seller and buyer agree on a price, but totally disagree about the future, both thinking they are gaining by entering into the trade. "

This may have been true for the most part many moons ago but today MANY folks who are in the market have very little to say about what stocks they buy. they allocate a portion of their pay check to some fund manager who MUST invest it.

For the most part it's a "Crap Shoot"!!


-- Ray (, January 12, 2000.

Ray- good point.

here's another comment:

" Another view is that portfolio mangers with lots of cash dumped big stocks like Amazon, knowing that they could lower the price, and then buy back in with their cash and look good. The reason hey have so much cash is basically those holding stocks are only increasing wealth, and there is no other place to put that much, so prices keep going up."

-- plonk! (, January 12, 2000.

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