I found this VERY interesting.......
Gary North's Reality Check, #45
Excerpt
The Dow Jones Industrial Average touched 11,568.72 on
December 30. Then it fell back. Just one decade earlier,
to the week ( maybe to the day ) , the Japanese stock market
peaked at just under 40,000. It has never come close to
30,000, except on its downward slide.
This 11,568.72 number is curious. Let me explain.
I am not a follower of Elliott Wave theory. It's too
complex a system for my abilities. But last May, I
received a detailed essay from a Jean Comeau of Quebec, a
comodities advisor -- registered, he says, in Chicago. He
wanted me to post the essay on my site. It was not Y2K-
related, I told him, so I didn't.
Yesterday, he sent it to me again. His essay said
that the Dow's top would be 11,550-11,600. He wrote,
"WAVE 5: WHEN DOW JONES HITS 11560 TO 11600
POINTS. END OF MAJOR BULL MARKET, PERIOD.
He then got even more specific:
Wave 5 or 1999 = Fibonacci number 34 times 339
equals 11526 plus 43 ( crash low ) equals 11569.
Mr. Comeau is predicting a fall of over 5,000 points
in the Dow in the next two months. I think I will ask him
to do more writing for me as soon as it falls by 2,000.
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