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--- In realtraders@xxxx, "Norman Winski" <nwinski@xxxx> wrote:
> RT,
>
> I was reviewing some of the forecasts that I have kept from
various market
> related lists. First, please see Gary's below that was posted to RT
on March
> 4. Then please see the post I sent to
> the gannghost list, below. What is not obvious from my post,
without some
> further calculations, is that if you take the stated harmonic of
13.34 times
> the 1932 low close of the DJIA, 41.22, you get 549.87 for the
Naz. The
> point is that the bottom line of both post, though derived from
totally
> different methods, is that if the Nazdaq follows the 1929 bubble -
crash
> model, that after this rally, it will eventually go to the 550
area. I
> arrived at 549.87 and Gary arrived at 550. I find it amazing that
we both
> came to the same number If this scenario holds, look for 2650 -
2700, 3370,
> or 3792- 3922 to stop the Naz Comp on the upside before plunging to
550. The
> former of the last two numbers is a .618 retracement of the 2000 -
2001
> down move and the latter is 13.34 times the high for the DJIA for
the spring
> 1930 rebound rally. By the way, I just checked, thinking my theory
was
> going to fall apart when I checked the low price at the bottom of
the crash
> in 1929 with a low price of 198.69. However, please note that the
Naz Comp
> bottomed at 1625 which is 8.1785 times the DJIA 1929 low. 8.1785
is .613 of
> 13.34. In other words, the Fibonacci harmonics of these numbers is
still
> holding together despite the fact that I posted this several week
ahead of
> the April low and didn't know what the low price would be.
>
> Cheers,
>
> Norman
>
Good for you Norm.
Haytham
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