George Lindsay wrote of a 107-day interval which he used as a confirming tool for finding highs in the Dow. Like all of Lindsay's models, this one was not to be used in isolation - a common mistake made by those familiar with his most popular model - Three Peaks and a Domed House.
The 107-interval is actually an interval stretching anywhere from 102 to 112 days. Lindsay had a plethora of different methods of identifying the lows from which to count the interval but as long as we count from a low of some significance - and the forecast matches other forecasts - it promises to be time well-spent.
Sometimes the model points, not to the highest high, but to the final high in a topping formation; similar to the highs last September and October.
The 11/4/16 is clearly a significant low. It forecasts a high in the period from February 14 (102 days) to February 25 (112 days) and is close enough to other Lindsay forecasts (published here previously) for a high in our current period.
Visit Seattle Technical Advisors for a "sneak-peek" at our research.