• 704 days Will The ECB Continue To Hike Rates?
  • 704 days Forbes: Aramco Remains Largest Company In The Middle East
  • 706 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,106 days Could Crypto Overtake Traditional Investment?
  • 1,111 days Americans Still Quitting Jobs At Record Pace
  • 1,113 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,116 days Is The Dollar Too Strong?
  • 1,116 days Big Tech Disappoints Investors on Earnings Calls
  • 1,117 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,119 days China Is Quietly Trying To Distance Itself From Russia
  • 1,119 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,123 days Crypto Investors Won Big In 2021
  • 1,123 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,124 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,126 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,127 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,130 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,131 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,131 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,133 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

April Low in Equities

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
Larger Image

 

Back to homepage

Leave a comment

Leave a comment