| Followers | 687 |
| Posts | 142406 |
| Boards Moderated | 35 |
| Alias Born | 03/10/2004 |
Monday, August 21, 2017 3:39:07 PM
Act II • • •
By Ed Carlson | August 21, 2017
Following the Lindsay’s Market Analysis:
Cycles warn that the sell-off in equites during the last two weeks should find a bottom this week – temporarily. The Bradley model does not hold much hope for those who hope to trade the bounce as it points an upwards-to-sideways move until mid-September when it drops precipitously into mid-October.
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.
One non-cyclical indicator warning of a low is NYSE new 52-week lows (chart). They have reached a high enough level to indicate that market participants have thrown in the towel (the selling is over for now).
http://seattletechnicaladvisors.com/blog.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By Ed Carlson | August 21, 2017
Following the Lindsay’s Market Analysis:
Cycles warn that the sell-off in equites during the last two weeks should find a bottom this week – temporarily. The Bradley model does not hold much hope for those who hope to trade the bounce as it points an upwards-to-sideways move until mid-September when it drops precipitously into mid-October.
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.
One non-cyclical indicator warning of a low is NYSE new 52-week lows (chart). They have reached a high enough level to indicate that market participants have thrown in the towel (the selling is over for now).
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.
