• 343 days Will The ECB Continue To Hike Rates?
  • 343 days Forbes: Aramco Remains Largest Company In The Middle East
  • 345 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 745 days Could Crypto Overtake Traditional Investment?
  • 749 days Americans Still Quitting Jobs At Record Pace
  • 751 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 754 days Is The Dollar Too Strong?
  • 755 days Big Tech Disappoints Investors on Earnings Calls
  • 756 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 757 days China Is Quietly Trying To Distance Itself From Russia
  • 758 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 762 days Crypto Investors Won Big In 2021
  • 762 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 763 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 765 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 765 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 769 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 769 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 770 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 772 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

Delayed Decline

The recent forecast for a high on April 15 looked good as the Dow stalled out the next day and then dropped almost 280 points on April 17. But according to the forecast for the next low the "tax-day top" was supposed to precede a decline into late last week. Instead, the market has rallied from the low on April 17.

Despite the single-date forecasts generated by my Hybrid-Lindsay approach it is important to remember there is a window of time surrounding these forecasts. Always allow at least one week (and occasionally two) on either side of the forecast date. Once we reach that time period (as we are now) we begin looking for signs of a reversal.

There is a cluster of cycles converging during Wednesday through Friday of this week. As they are within five trading days of last week's forecast for a low it is quite possible that the market will see the expected bottom then.

 


To get your copy of the April Lindsay Report from SeattleTA, please click here.

 

Back to homepage

Leave a comment

Leave a comment