An odd looking 3PDh pattern has occurred over the last year in the Dow. Lindsay wrote that when these patterns cap secular bull market highs (rather than cyclical highs) they often look atypical.

Three peaks formed on 4/2/12, 5/1/12, and 10/5/12 which meet Lindsay's requirement that peaks one and three be within 6-10 months apart.

The separating decline following peak three breached the low of the reaction following peak one. A breach of at least one of the reactions following peaks one and/or two is a requirement of the model.

Counting from the "second test of the low" (low of the separating decline) - presumably on 12/31/12 - counts 221 calendar days to 8/9/13 as a possible high.

Lindsay's 107-day count (a range of 102-112 calendar days) targets a high between 7/30/13 and 8/9/13.

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