Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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To: Jorj X Mckie who wrote (1135)	3/19/1999 7:24:00 PM
From: Don Pueblo	Read Replies (1) of 3543

Out of curiosity, I just did a calculation on the Dow based on an old model I used to use to calculate the extent of moves in a market that had turned; in other words, 'it bottoms and turns, where is the next top?'. The most recent low on the Dow was in late August. I used that to calculate the estimated high on the Dow. (I could have done this in early October when the up move started, but I didn't.) Guess what the top I calculated is: 10,100. Friggin' weird. If that is the top, I can't tell yet where this model says the uptrend will show a reversal, but I can give you a "guesstimate": if the Dow goes below 9500 in the next 5 weeks, the trend is down from there.

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