Deja-Screwed All Over Again
Regular readers know from last week's commentary that my Hybrid Lindsay model is forecasting a high in the Dow Industrials index today or very close to today. Readers will also remember that October 19 has been a difficult date in history for the stock market.
But an active investor doesn't need to be a follower of Lindsay or of "ancient" history to be expecting a high in the market this week. Last Friday was option expiration. A quick look at the chart below reveals that the equity market (the chart is of the S&P 500) has rallied into OPEX only to reverse trend once OPEX has passed for most of this year.
Request your copy of the October Lindsay Report at Seattle Technical Advisors.
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Author: Ed Carlson
Ed Carlson
Seattle Technical Advisors.com
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.
Copyright © 2012-2017 Ed Carlson
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