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Strategies & Market Trends : The Millennium Crash

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To: Joss who wrote (696)9/7/1997 1:40:00 PM
From: Thomas C (Hijacked)   of 5676
 
Steve, I think you need to talk to Ted about the speculative bubble theories. I agree very much that we are near the top of this particular bubble.

By the way I just did a correlation analysis of DJIA stock prices for the following two periods (May 1986 - October 1987) and (May 1996 - Sept. 5 1997) and Excel gave me a 95.8% correlation factor.

I am working on getting the volume figures for the month and days preceding 1987 Crash and also the New High/ New Low figures for that period also. If the last predicted peak occurs this September as calculated then I will keep an extremely close eye on volume figures as we head downward from that peak.

Tom
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