Richard, thanks for your kind words.
However, my prediction was wrong. I stated that the DJIA would peak
at 8100-8106 on July 25. It is now at 8121. However, the S&P
is below its peak.
Ever heard of Fibonacci numbers? That was the basis for the prediction.
A number sequence, starting with 1,3,5,8,13,21,34,55,89,144...etc
is thought by some to explain many mysteries in life. It can be
argued that the design of the pyramids was a mathematical formula
based on Fibonacci numbers.
It is a bit different in regard to the stock market and human psychology.
The DJIA peaked in 1929 at 386. On July 25, 1984 (55 yrs. later),
the Dow was at its low for the year. July 25, 1997 (13 yrs later)
was my guess for the market to reach a peak. Take the DJ peak of
386 and multiply it by Fibonacci 21, and you get 8106. The number
90 is an important number in mathematics, and is close enough
to Fibonacci 89, so square it to get 8100. This may seen like
a crock, that years and numbers can be manipulated to get any desired
result. That may be true. This is all done in fun. But if you
look back to the crashes in 1987 and 1929, they both happened
on a day when, according to theory, human nature is most likely
to panic. Try to figure it out.
One other thing I recently stumbled onto- the 360 year cycle.
The south sea bubble burst in 1637, 360 years ago. Impossible
to say anything confirming that possible cycle, but do you know
anything special that happened in 1277?
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