George, Newman's forecast seems similar in form to Donald Sew's, but proceeding faster. From yesterday:
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Market Swing Discussion: Donald Sew's Index Update
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Posted by Donaldsew on Sunday, November 03, 2002 - 10:50 am:
If anyone would like to join in, will be opening the YAHOO chat-room
"YUKON_____" at 9:00 pm est to discuss market direction. Basic
positions:
ShortTerm - nearing a top, but pullback should produce a higher low
MidTerm(30+ days) - bullish to the extent that there could be more
upside, but that such upside may be limited and that the full extent
of this rally may be about 75% already done.
LongTerm - bearish, feel US DOLLAR is the KEY, a significant break
below 103 could be extremely negative. My LongTerm predictions, at
best, has only a 62% probability, again - at best - could be much
lower than 62% probability.