My July 28 commentary was the last time I gave an update on my Hybrid Lindsay model (a hybrid approach to the work of the late technician, George Lindsay). In that commentary I mentioned my forecast for a low in the period July 24-31 and that I felt the expected low was "very close and may have already been seen last Friday". As it turned out, the low was that Monday, July 27.

Readers who have took advantage of last week's free offer of the Year-to-Date Performance Review or the offer two weeks ago to obtain a copy of the August Lindsay Report have been kept up to date on recent forecasts. For the rest of you, the Hybrid Lindsay model is now pointing to a low to the current sell-off on August 28, 2015 (but not before a bounce early this week). The high of a flattened top on 1/3/07 counts 1,580 days to the high of the Basic Cycle on 5/2/11. 1,579 days later is Friday, August 28, 2015. The high of a flattened top on 11/22/99 counts 2,880 days to the high of the Multiple Cycle on 10/11/07. 2,881 days later is Monday, August 31, 2015. Incorporating my traditional cycle work into Lindsay's Middle Section model shifts the weight of the evidence for a low to August 28, 2015.

Try a "sneak-peek" at Lindsay research (and more) at Seattle Technical Advisors.

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.

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.