Stock Market Long, Hot SummerStock-Markets / Stock Market 2017 Mar 20, 2017 - 04:13 PM GMT
It looks like the Dow is due for its first major correction of 2017. While the expected downturn could be “uncomfortable” for many, it is not expected to witness the end of the secular bull market.
Lindsay’s long cycle is expected to count a 15yr interval between point A (10/10/02) and points J or H. That would place the more important high in the period from October’17 until September’18.
The downturn we expect now is due to the combination of a different 15yr interval forecasting a high in the period from September’16 until August’17 (see Market Update December 27, 2017) and a 12yr interval pointing to a low in the period May-November 2017. It could be a long, hot summer.
The correction may have already begun with the high on 3/1/17. We also have a Middle Section forecast for a high closer to 4/3/17.
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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.
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