April Low in Equities

By: Ed Carlson | Tue, Apr 21, 2015
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Although my Hybrid Lindsay forecasts always assume a small time window surrounds any single-date point forecast, the forecast for a high on April 15 (see last week's commentary) was spot-on. The work of George Lindsay deals with time (not price) and tells us that the pullback following last week's high should be over quickly.

There exists a forecast from the basic cycle (5/2/11) for a low near Apr 24. Unfortunately, there appears to be no confirming forecast from the multiple cycle (10/11/07). An inflection point in the Dow without confirmation from both cycles is not without precedent but it doesn't allow for a high level of confidence in the forecast. Fortunately, we have other tools...

Counting a 222-day interval from the low on Sept 12 targets a turn during the period Apr 21-25.

A high-high-low interval of 53 days from Jan 8 to Mar 2 targets a low on Apr 24.

A short-term cycle low is due Apr 22.

A six-month cycle low is due the same week as the above dates.


Conclusion

Expect the Dow to decline into the latter half of this week: Apr 22-24.

DOW Chart
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Ed Carlson

Author: Ed Carlson

Ed Carlson
Seattle Technical Advisors.com

Ed Carlson

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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