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Hybrid Lindsay Forecast for a Stock Market High

Stock-Markets / Stock Markets 2015 Nov 24, 2015 - 12:08 PM GMT

By: Ed_Carlson

Stock-Markets

The Hybrid Lindsay forecasts occasionally shared with readers in this space are a combination of the work done by the great twentieth-century technician, George Lindsay, and my own, more traditional, cycle work. In last week's commentary I questioned whether the previous Friday's low fulfilled the Hybrid forecast for a low or if it would wait until that day (Monday). We know now that it was the previous Friday. Even without the benefit of the Lindsay work we knew from other metrics that the market was oversold and primed to bounce. Now we use the Hybrid Lindsay model to forecast the next high in the Dow Jones Industrials index. It begins with Lindsay's Middle Section approach.


Middle Sections

The significant low on 8/16/07 counts 1,510 days to the low of the Basic Cycle on 10/4/11. 1,511 days later is Monday November 23.

The reaction high on 6/18/02 counts 2,453 days to the low of the Multiple Cycle on 3/6/09. 2,453 days later is November 23.

Cycles

A micro-cycle high is expected near November 24. In addition, a 12wk cycle high is due that week.

Lindsay Intervals

222-day interval (221-224 days): The high on April 15 counts 221-224 days to a turn in the period November 22-25.

107-day interval counted from the low on August 12 forecasts a high in the period from November 22 to Dec 2.

While calling for a decline in equities to begin early this week is fighting the bullish seasonality of the US Thanksgiving holiday, the model is calling for exactly that.

Hybrid Lindsay Forecast

To get your copy of the November Lindsay Report click here .

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent trader, consultant, and Chartered Market Technician (CMT) based in Seattle. Carlson manages the website Seattle Technical Advisors.com, where he publishes daily and weekly commentary. He spent twenty years as a stockbroker and holds an M.B.A. from Wichita State University.

© 2015 Copyright Ed Carlson - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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