Saw on CNBC a few days ago that the "Three peaks and a dome" phenonmenon is the latest "wave" theory to be passed around. Author of the theory claims to have documented at least 10 instances of it before a major bust, and its lining up again now. Take a look:

-- E. F. Hutton (@ .), February 12, 2000

Answers

Link didn't work. Wasn't there also a Hindenberg signal recently?

-- Dave (dannco@hotmail.com), February 12, 2000.

Wave theories are a dime a dozen. I wouldn't pick one up if it was laying on the ground.

Monday will probably be seen as another buying opportunity. There is no distinct trend and you can only count on one thing, volatility. One other possible trend is that people are taking there money out of the DOW and sticking it in the NASDAQ evidenced by more 52 week lows in the DOW and more 52 week highs in the NASDAQ.

The tech companies will start buying cash cows so that they can stay in business (or they may not need to since the influx of investor cash is neverending) example Amazon.

-- Guy Daley (guydaley@bwn.net), February 12, 2000.

Techs buying cash cows will only delay the inevitable. The AOL/Time Warner deal has thrashed AOL's stock and there are questions all over the place about this so-called "deal of the century" (e.g., "Why is this vertical integration any smarter than the scores of other attempts that died?").

Dot-coms are held aloft by expectations, not realities. As they start to be required to deliver (and this process is now underway), the air will leak out of the bubble. Hope for the best (e.g., a fairly orderly decline), but plan for... well, you know the drill.

-- DeeEmBee (macbeth1@pacbell.net), February 12, 2000.

It's more like three peaks and then falling flat on your face!

The NASDAQ is the greatest stock market bubble.com of all time, and when it crashes, the rush to the exit will result in a bloody mangling without hope of reparation. It will get so bad that day traders will go *postal* and snuff out those whom they've concluded have done them wrong. There will be headlines for weeks and weeping for years.

And THEN we will witness NEW PROBLEMS, which will consume the headlines for months to come. Hard times are headed for America...

-- dinosaur (dinosaur@williams-net.com), February 12, 2000.

This shows the DOW since April 11, 1999. Over the last 10 months it has only been lower once, during October.

-- Hawk (flyin@high.again), February 13, 2000.

LOL! October! When I pulled my money!

-- mommacarestx (nospam@thanks.com), February 13, 2000.

It kind of sounds like the 3 Steps and a Stumble rule, that Don Hays talked about here:

Don Hays

Other than being 3 days off, Hays might have been fairly accurate here; we'll have to wait and see.

-- Susie (Susie0884@aol.com), February 14, 2000.