• 405 days Will The ECB Continue To Hike Rates?
  • 405 days Forbes: Aramco Remains Largest Company In The Middle East
  • 407 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 807 days Could Crypto Overtake Traditional Investment?
  • 811 days Americans Still Quitting Jobs At Record Pace
  • 813 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 816 days Is The Dollar Too Strong?
  • 817 days Big Tech Disappoints Investors on Earnings Calls
  • 818 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 819 days China Is Quietly Trying To Distance Itself From Russia
  • 820 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 823 days Crypto Investors Won Big In 2021
  • 824 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 825 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 827 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 827 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 830 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 831 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 831 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 833 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Lindsay: Right Shoulders

Long-time readers will remember Lindsay's admonition that following extended basic advances (929-968 days) a right shoulder is to be expected. Normally, a right shoulder is a significant high but lower than the high of the bull market. However, Lindsay allowed for the possibility of a right shoulder appearing at a higher level than the high of the basic advance. This happened in 1966 and 1973, and is occurring again in the current bull market.

Like sideways movements, no right shoulder has ever lasted more than 11 months. The Dow is still within the time period expected for a right shoulder. Eleven months from the end of the basic advance (last July) is this coming June.

The right shoulder on 2/9/66 was 1,519 days beyond the high of the previous basic cycle on 12/13/61.

Lindsay: Right Shoulders
Larger Image

The right shoulder on 1/11/73 was 1,500 days beyond the high of the previous basic cycle on 12/3/68.

Lindsay: Right Shoulders
Larger Image

The right shoulder on 4/17/1930 was not higher than the end of the basic advance but it counts 1,526 days beyond the high of the previous basic cycle on 2/11/26.

A count of approximately 1,500 days appears to be of some significance. Counting from the high of the basic cycle on 5/2/11 and using the minimum and maximum time spans from above we find a targeted time period for the high of the current right shoulder (and end of the bull market) in the period June 10-July 6, 2015.

June 10 is very close to the confirmed hybrid forecast for a top in the period June 6-9, 2015.

 


Try a "sneak-peak" at Seattle Technical Advisors.

 

Back to homepage

Leave a comment

Leave a comment