At 1:50 EST the DJI is 11725, volume 710,300,000 shares, up 1.23%. Nasdaq is up over 3%, volume over 1 billion shares. Don't know thew breadth, but seems safe to say the Bubble.com is still expanding.

Jean Comeau predicted a market top at DJI of 11569 + or - .25%.

-- Lars (lars@indy.net), January 14, 2000

Answers

The day is not over yet.

-- (I'm@pol.ly), January 14, 2000.

Where are all the Comeau comments now?? Two days ago it was the end of the market. Comeau had spoken.

-- (I'm@pol.ly), January 14, 2000.

Jean Comeau will never be able to predict direction of the markets with a neat little formula. If we can ever learn to predict the markets isn't that ability tantamount to controlling the the future? we would be able to predict crop yields, oil discoveries, bio-medical research outcomes, etc. etc. To be able to predict the markets with formula and graphs is the modern equivalent of the search for the fountain of youth. We all know how that search ended. Fibonachi (Sp) numbers. What a pile of shite. These people who are searching for this Hari Seldon formula are doing a wonderful job of putting bread on their tables. Tey are to be taken as seriously as David Letterman. Let them joust and tilt at windmills. Fools they be, bigger fools are those that follow them.

-- Lenny (chmielecki@worldnet.att.net), January 14, 2000.

Comeau is an Elliott Wave analyst. The problem with trying to predict absolute market tops is that 5th waves can extend. Happened here. Putting a limit of + or - anything on such a prediction is foolishnes: Elliott Wave Theory should yield several possible patterns, and the market should eliminate the paths that it won't follow.

Question: did he state that this was the top, unequivocably, or did he state that this was the most likely path? I didn't read his "prediction" so I don't know if he were quoted accurately.

-- (4@5.6), January 14, 2000.

Will you people please review the original article. He indicated that the market will drop from 5500-6000 points WITHIN THE FOLLOWING TWO MONTHS *AFTER* the 11500-11600 range was achieved. Let's not jump the gun or kill the messenger until March, okay?

http://hv.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=002G0d

-- LunaC (LunaC@moon.com), January 14, 2000.

Wall Street has gone BULLISH; that's for sure. There will be MUCH MORE money being injected into high performing stocks in the next sequence of days before Greenspan raises the interest rate. I think the DOW will easily reach 12,000 before the end of this month.

-- dinosaur (dinosaur@williams-net.com), January 14, 2000.

It's also difficult to predict these theories when the

F***ing PPT is screwing with the market every freakin day!

To say nothing of gold, silver or oil...

-- Andy (2000EOD@prodigy.net), January 14, 2000.