Projecting a price interval to QQQs - outrageous

Yesterday’s post recounted the SPX price interval of $121.43 based on the 1987 extreme high and low which, multiplied by 11, explained the price increase from the 1987 low to the 2000 high

The essay examined a previous projection of SPX $1892 relative to the 2009 low and found a multiple of the $121.34 interval of 10.09:

1892, maybe, maybe not.

 

Might an interval be involved in the final QQQs top in 2014?  Start with defining what might be an interval.  One method might choose QQQs inception and first trade $50.64 on 3/10/1999 as the low and the remarkable high of $120.50 on 3/24/2000. Alternately, the low might be defined as the actual low between inception and the high which occurred on….3/24/1999, exactly one year before the all time high (can’t make this stuff up) of $48.50.  The interval computed both ways would be:

Goodness, another X file number;  the price interval based on the actual low is exactly $72 as in Bradley Cowan’s Pentagonal Uranus cycle.  Exactly 1 year between the 3/24/2000 high and 3/24/1999 low and the change in price is 72.  I wonder if the Pentagonal Uranus cycle, 1/5th of the circle, one half the square of 12, might play a role in the price life of QQQs?

So, what would be the projections of the high price in QQQs IF the price interval plus the next previous extreme low prove to be accurate?

The projections under the alternate methods would be $94.91 and $97.05, respectively.  Recall previous square of 9 projections for $94 for the weekend of 3/30/2014; either Friday (which didn’t occur) or Monday. 

If $94 gets tagged today it will require an 8% one-day rally.  I vaguely recall Nassim Taleb in 'The Black Swan' citing the probability of a 10% one-day index change being way out there on the normal distribution’s tail.  And yet, it’s occurred many times.  And QQQs had several $10 one-day in March/April 2000.  But now is not dot.com.  8% might happen this time, but it’s probably on the level of a trifecta wager.

Since I'm finding the bizarre (price increase of 72 in exactly 1 year) and considering the vastly improbable, let's talk really outrageous.  How about QQQs touches $97 and closes $94?  How many Nasdaq points do you need for that?  About 300...hehehe?

Jim