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Ed Carlson

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…

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The Flux Capacitor Forecast

It feels as if we've been here before. The previous forecast for a high to the right shoulder on 9/19/14 looked good but was obviously incorrect (on the other hand, it was followed by a drop of 1,163 points in the Dow). The evidence pointing to that high was like a Ford Edsel compared to the Lamborghini-like evidence pointing to a top now; a Lamborghini powered by a flux capacitor!

The Sept 9 breakdown from a flattened top counts 37 days to the low on Oct 15. 37 days later is Saturday, Nov 22.

Lindsay wrote of a 107-day short-term interval which points to market tops. Counting 107 days from the low on Aug 7, points to a top near Nov 22. In addition, point E on Apr 22 of an ascending middle section counts 107 days to the Aug low which then forecasts a high on Nov 22.

Lindsay's other short-term interval was 222 days (221-226). This interval points to both highs and lows. In this case we have a chain of intervals that begins at the Aug 2013 low and counts 226 days to the Apr 2014 low. The April low then counts 224 days to Nov 21.

Point E on 8/15/08 of a descending middle section counts 1,145 days to the low of the basic cycle on 10/4/11. 1,145 days later is Nov 22.

The high of the first multiple cycle (10/11/07) counts forward 1,299 days to the high of the first basic cycle (second multiple cycle) in May 2011. 1,299 days later is Nov 21 creating a potential high-high-high pattern.

In addition there are middle sections centered on the low of the long cycle (10/10/02), the basic cycle (3/6/09), and the Oct 2004 low which point to Nov 21 and 22 (not shown).

The bullish seasonality of this week's US Thanksgiving week holiday could keep equities aloft for a few more days but once the high is in our rear-view mirror, well, in the words of Doc Brown "Where we're going, we don't need roads."


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To get your copy of the November Lindsay Report, click here.

 

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