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To: Don Martini who wrote (81203)11/18/1998 11:19:00 PM
From: Jerry Miller  Read Replies (3) | Respond to of 176387
 
"Jeff Mills, you proved to be a good prophet, where do we go from here, please?"

Hi Don.

there appear to be clues to your question already written into his
post.

in post #75795 Jeff wrote:
"once an all time high is set, it has taken on average ~ 30 sessions to clear that old high and set a new one..."

the current all-time high is 71 15/16, set on November 11.
the market being closed on Thanksgiving, 30 sessions would put
us at, or around December 23rd, for "clearing that old high, and
setting a new one."

in that same post he wrote:

"...and the stock falls on average 24% during that cylce to break the old high."

...which means the stock could go as low as 54 5/8 in the meantime.

his theory.
my conjecture.