Counts are Lining Up For the Next Tradable Top in the Dow
Counts are lining up for the next tradable top in the Dow near Dec 29. Let's call it sometime this week. The forecast involves several of the models developed by George Lindsay but one easy-to-grasp reason is the chart below. In the past I've shown my own discovery of centering a middle section forecast on the high of the previous multiple cycle to forecast the high of the current multiple cycle. Previous forecasts this year using this model have all resulted in significant (tradable) corrections in the Dow.
The 12/31/13 forecast was off by two days and was followed by a decline of 1,204 points. The 7/17/14 forecast was an exact hit and saw a decline of 770 points. The 9/19/14 forecast was off by seven days and preceded a decline of 1,163 points. This model now has a middle section forecasting a high between Dec 26 and Jan 2.
To get all the details of this forecast try a 'sneak-peek' at SeattleTA.