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To: Crimson Ghost who wrote (53780)10/30/1999 6:29:00 PM
From: Gary Burton  Read Replies (3) | Respond to of 95453
 
George- I read his comments this morning on another site--Actually he is saying the same thing I am--there will most likely be a new high--Where we differ is the extent of the New High...He is thinking 12500-13000 as I recall and I'm not yet prepared to go beyond 11,600---I suspect he gets the 12500-13000 area because he calculates the % gain from the 1987 Crash Low print (1,616) to the 1990 pre Gulf War High print of 3,010 (Wave 1) and then assumes that Wave 5 from the Fall98 low of 6975ish will rise the same percentage (a common occurance btw), which would suggest 12,992. But of course 11,600 would represent 76% of the Wave 1 percentage gain and 76 is also near a fib number as I recall. Pick your poison. For my part, I'm not prepared to think beyond the mid 11000's until I get there (vbg) and I note that that would be very very close to the long term upper trendline. But then why quibble in nosebleed area.