| Followers | 681 |
| Posts | 141644 |
| Boards Moderated | 35 |
| Alias Born | 03/10/2004 |
Monday, August 07, 2017 2:25:23 PM
It's Showtime!
By Ed Carlson | August 7, 2017
Following the Lindsay’s Market Analysis:
The July 10, Market Update laid out our case for a tradable high in equities to commence sometime by August. We now have a host of reasons (laid out in this report) for thinking that high is now upon us. It’s Showtime!
As explained in the July 10 Market Update, a 15yr interval points to a tradable top (within the ongoing bull market) in the period September 2016 to August 2017 and we have come to the end of the forecast period.
A popular approach of Lindsay’s was his low-low-high interval. Lindsay showed that counting the number of trading days between two important lows often leads to a high the same number of days into the future. The distance between the lows on 2/11/16 and 11/4/16 was 186 days. Counting forward another 186 days targets a top near August 3, 2017.
Seasonally, a top in August makes total sense as August and September are the two weakest months of the year for equities.
The Decennial pattern warns of a nasty sell-off in equities during years ending in the number 7 (i.e. 2017). Since 1907 each of these years (with the exception of 1947 which suffered a mere 6.2% drop) has seen a double-digit decline beginning somewhere between June and October.
Eight Hindenburg Omens have triggered over the past 30 days - the largest cluster of Omens since October 2000. Over the past six months, the S&P 500 has seen nine Omens -- the most since 2007. The Bradley Model shows an inflection point in mid-August which would seem to be a top.
http://seattletechnicaladvisors.com/blog.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By Ed Carlson | August 7, 2017
Following the Lindsay’s Market Analysis:
The July 10, Market Update laid out our case for a tradable high in equities to commence sometime by August. We now have a host of reasons (laid out in this report) for thinking that high is now upon us. It’s Showtime!
As explained in the July 10 Market Update, a 15yr interval points to a tradable top (within the ongoing bull market) in the period September 2016 to August 2017 and we have come to the end of the forecast period.
A popular approach of Lindsay’s was his low-low-high interval. Lindsay showed that counting the number of trading days between two important lows often leads to a high the same number of days into the future. The distance between the lows on 2/11/16 and 11/4/16 was 186 days. Counting forward another 186 days targets a top near August 3, 2017.
Seasonally, a top in August makes total sense as August and September are the two weakest months of the year for equities.
The Decennial pattern warns of a nasty sell-off in equities during years ending in the number 7 (i.e. 2017). Since 1907 each of these years (with the exception of 1947 which suffered a mere 6.2% drop) has seen a double-digit decline beginning somewhere between June and October.
Eight Hindenburg Omens have triggered over the past 30 days - the largest cluster of Omens since October 2000. Over the past six months, the S&P 500 has seen nine Omens -- the most since 2007. The Bradley Model shows an inflection point in mid-August which would seem to be a top.
http://seattletechnicaladvisors.com/blog.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
