Didier Sornette predict the Standard & Poor's 500 will begin dropping by the second quarter of 2003 and will fall to approximately 700 in the first half of 2004. Do you see it in the charts? Is it the start? www.ess.ucla.edu/faculty/sornette/prediction/images/20030518_Fig1.gif www.ess.ucla.edu/faculty/sornette/prediction/images/20030518_Fig4.gif
I see 3rd quarter in his charts, but he has 3-4 different antibubble contours. If you beleive he is right, then you have to treat his predictive model's price and timeline projections as an idealized path.
Yeah..we've been watching that Head and Shoulders for over a year now: http://www.elitetrader.com/vb/showthread.php?s=&threadid=3902