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UK House Prices, Immigration, and Population Growth Trend Forecast

Stock Market Titanic Syndrome

Stock-Markets / Stock Markets 2016 Nov 15, 2016 - 06:07 PM GMT

By: Ed_Carlson

Stock-Markets

The Titanic Syndrome is triggered when NYSE 52-week lows out-number 52-week highs within 7 days of an all-time high in equities (or a 400 point rally in the Dow Industrials index). The syndrome was triggered with Thursday’s new high. This phenomenon was discovered by Bill Ohama in 1965. Ohama wrote that the syndrome is typically followed by a 10% drop in the Dow.


The Dow has reached the 127.2% retracement of the August decline (top). This is a common level for a high in equities.

Try a "sneak-peek " this month at Seattle Technical Advisors.com

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.

© 2016 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.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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