• 166 days Will The ECB Continue To Hike Rates?
  • 166 days Forbes: Aramco Remains Largest Company In The Middle East
  • 168 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 568 days Could Crypto Overtake Traditional Investment?
  • 573 days Americans Still Quitting Jobs At Record Pace
  • 574 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 578 days Is The Dollar Too Strong?
  • 578 days Big Tech Disappoints Investors on Earnings Calls
  • 579 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 580 days China Is Quietly Trying To Distance Itself From Russia
  • 581 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 585 days Crypto Investors Won Big In 2021
  • 585 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 586 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 588 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 589 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 592 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 593 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 593 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 595 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Market Report

With Friday's breakdown below 1,810 in the S&P 500 index and 16,086 in the Dow (both numbers represent the November highs which were broken in mid-December) the Lindsay forecast for a high to the2009 bull market on 12/31/13 is looking to be very likely.

In my 12/16/13 commentary I shared how a low-low-high interval was pointing to a possible top in the Dow on, or near, 1/2/14.

When forecasting the high of a bull market we look for two Middle Section forecasts pointing to roughly the same day. One Middle Section needs to be centered on the basic cycle and one on the major cycle (Long Cycle).

The current basic cycle began on 10/4/11. In this instance another low-low-high interval occurs and takes the place of a Middle Section count. From the low on 7/8/09 to the low of the basic cycle on 10/4/11 was 818 days. The high on 12/31/13 was 819 days later.

The low of the major cycle (Long Cycle) was on 10/10/02. 4,098 days prior to that low was the measuring point of an ascending Middle Section on 7/23/91. The high on 12/31/13 was 4,100 days after 10/10/02.

Dow Jones Industrial Average 1998-2014 Chart

A top for the bull market on 12/31/13 also fits the long term interval. Finding tops using Lindsay's methods always begins with a 15year interval. It forecast a high in the period from 9/1/13 to 8/1/14.

While the low of the current basic cycle was on 10/4/11, the beginning of the current basic advance wasn't until 11/25/11 or possibly 12/19/11. As it turns out, using either low as the origin of the basic advance fits one of Lindsay's standard time spans. Counting from the low on 11/25/11 to the high on 12/31/13 was 767 days – a long basic advance (742-830). Counting from 12/19/11 to 12/31/13 was 743 days and also a long basic advance.


Get your copy of the January Lindsay Report at Seattle Technical Advisors.


Back to homepage

Leave a comment

Leave a comment