Dow today down 374.47 closing at 9796.03 NASDAQ down 57.01 closing at 4847.84 Standard and Poor's 500 fell 35.66 closing at 1,355.62 Russell 2000 down 6.17 closing at 595.47

Any guesses for the rest of the week?

-- suzy (suzy@nowhere.com), March 07, 2000

Answers

No guesses --

But Sure M. Hopeful posted to the New Forum, a prediction based on remarkable similarities of 1929 and 1987 market movement, with/compared to the 1999-2000 DOW, and undergirt by Fibonnaci-based analysis of the numberr, courtesy of Jean Commeau. Commeau accurately predicted the market peak aroudn 11, 656; and his models also forecast a MAJOR FALL this week: for 5 days a t least, starting today. That is, if I recall correctly. Check in on the other forum for a title like 5 DAYS OF MARKET CRASH!

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-- Squirrel Hunter (nuts@upina.cellrelaytower), March 07, 2000.

From the Camp: Repost SureMHopeful

Stock Market: 5 days to crash? ---------------------------------------------------------------------- ---------- The stock market has been following the crash pattern of 1929 and 1987, and if you go to:

www.hussman.com/hussman/h...magedn.htm

there are charts showing the day by day comparisons. Last Friday was the perfect point for manipulation since it was at point "G" on the Hussman charts, a point in time where the last rally before the crash was expected. The downdraft of today negated that move, and if the relief rally is over, history suggests a cascade down move in 5 trading days.

For the technically minded, the peak of today's price on the DOW nearly touched the Fibonacci series 34 day moving average and came to rest near the Fibonacci series 8 day moving average.

Be careful: most will find the exit door too narrow.

Edited by SureMHopeful at: 3/6/00 8:45:03 pm

-- (lurking@work.now), March 07, 2000.

Fibonacci sequence ---------------------------------------------------------------------- ---------- Here's a link to more than you ever wanted to know about the fascinating Fibonacci Sequence.

www.mcs.surrey.ac.uk/Pers...i/fib.html

-- (Still@lurking.now), March 07, 2000.

My guess. Up a little tommorow afternoon and side ways to up the rest of the week. The crash won't come until the NAZ thakes a big hit. NAZ is still too strong.

-- ROB MERDOCH (MRLOVE99@HOTMAIL.COM), March 07, 2000.

The crash won't come before November, unless Klinton fails in his attempts to round up all the guns on or before April 20.

-- (conspiracy@theory.net), March 07, 2000.

Critical support was breached at (roughly) Dow 10,000. There is short term support at 9500. If there is a good bounce off 9500, we could have a rally, possibly into October/November,when other seasonals & Elliot wave, as well as Y2k glitches forces peak. If the Dow Breaks thru 9500, it could be a long drop, and at some point, the Nasdaq will follow, like it had been plucked off it's lofty perch by a taut bungee. Significant parallels to '29 include this: If the Dow rallies, but then crosses the recent low around 9800, to the downside, watch the yups bail. Also, 2 small rallies back then preceeded the big drop. Liquidity is slightly better than last week's very bearish numbers, but insider selling & margin debt remain at historic levels. In a bear market melt down, basic pivot point analysis puts the Dow at about 3200, although I have no opinion on the likelihood of that. Although about 6 historic indicators long declared extinct support a number near there. Check trimtabs.com for liquidity #'s, signalwatch.com for daily technical analysis on the Dow. Thanks for the intelligent posts & great links

-- Greg Donovan (GregD49@Aol.com), March 08, 2000.

Anyone who uses Bloomberg charts got a bit of a surprise today. If you use their Intraday chart for the DJIA and select for comparisons with the S&P and Nasdaq COMP, Bloomberg shows flatline data from 11AM to noon, and then a "moonshot" at noon. That'll get the ol' investment adrenalin pumping. Bloomberg must have a glitch in the logic there somewhere. Good thing folks have lots of other charting options.

-- DeeEmBee (macbeth1@pacbell.net), March 08, 2000.

Thank You Greg for the reference sites:
Trim Tabs

Signal Watch

-- Possible Impact (posim@hotmail.com), March 08, 2000.