Comeau's predictions back in play?greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
The Dow Jones average dropped 162.26 points today, ending at 11560.72. This is below Comeau's predicted pivot point of 11569, and technically looks bad for the bulls. The mania over on the NASDAQ continued unabated, and it was amusing to watch the talking heads on MSNBC try to explain the upsurge in the oil complex. We are now entering the time frame predicted for a major crash, so Comeau's prediction will quickly be confirmed or discarded.
-- Sure M. Hopeful (Hopeful@future.com), January 18, 2000
I'm certainily no expert in the stock market, but I've been watching it daily for the past three or four months. Ever since the theory by Comeau was posted on this board......it's been in the back of my mind. It seems as though 11,600 is a magic number.....it reached that figure, then dropped, then surged ahead, then dropped back down to that level again. The market seems to want to stay within the 11,600 mark. Is there anywhere where we could find an update by Comeau?
-- Linda (firstname.lastname@example.org), January 18, 2000.
Relatively quickly, that is .....
I figured Comeau was consignable to the comeaude, when the DOW hit 11772 ... just yesterday? -- quite a respectable reach beyond the predicted high of 11569 -- and easy 1%. Of course, nature, in Her tracking of Fibonnaci sequences, never does so perfectly, but inevitably leaves room for indiviuation, the UNIQUE, and surprise. Sure M. Hopeful, I am still grateful for your posting this and would welcome any further followup from Comeau, that you may happen to locate.
-- Squirrel Hunter (email@example.com), January 18, 2000.
What Squirrel Hunter said!
-- (Kurt.Borzel@gems8.gov.bc.ca), January 18, 2000.
I would kindly suggest that even though a price break happened, any price floor or ceiling (I know resistance and support level) to many in technical analysis are not officially penetrated until a break exceeds 3 to 5 percent depending how close you wish to play the move.
As always any market info is IMHO.
-- Squid (ItsDark@down.here), January 18, 2000.