My July 28 commentary was the last time I gave an update on my Hybrid Lindsay model (a hybrid approach to the work of the late technician, George Lindsay). In that commentary I mentioned my forecast for a low in the period July 24-31 and that I felt the expected low was "very close and may have already been seen last Friday". As it turned out, the low was that Monday, July 27.
Readers who have took advantage of last week's free offer of the Year-to-Date Performance Review or the offer two weeks ago to obtain a copy of the August Lindsay Report have been kept up to date on recent forecasts. For the rest of you, the Hybrid Lindsay model is now pointing to a low to the current sell-off on August 28, 2015 (but not before a bounce early this week). The high of a flattened top on 1/3/07 counts 1,580 days to the high of the Basic Cycle on 5/2/11. 1,579 days later is Friday, August 28, 2015. The high of a flattened top on 11/22/99 counts 2,880 days to the high of the Multiple Cycle on 10/11/07. 2,881 days later is Monday, August 31, 2015. Incorporating my traditional cycle work into Lindsay's Middle Section model shifts the weight of the evidence for a low to August 28, 2015.
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