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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (3010)	1/6/2000 10:10:00 PM
From: C Hudson	Respond to of 3339

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.