• 15 hours Investors Should Be Worried About Tech Stocks
  • 3 days Battle For Market Share Intensifies In COVID Streaming War
  • 5 days Censorship Is Now Private, And That’s Scary
  • 7 days Markets Hit ‘Ignore’ Over Capitol Coup
  • 9 days Tesla’s China Strategy Is Yet Another ReasonTo Double Down
  • 10 days NYSE Reverses China Company Delisting Plans … For Now
  • 12 days The Dollar Could Remain Weak For Years To Come
  • 15 days The Simple Secret To Tesla-Like Gains
  • 16 days US-Listed China Stocks Have 3 Years To Become Transparent
  • 18 days $30,000 Is The New $20,000 For Bitcoin
  • 18 days Gold Slips Following Stimulus Announcement
  • 19 days Illegal Streaming Targeted In The 5,000 Page COVID-19 Stimulus Bill
  • 20 days Big Investors Are Dumping Gold For Bitcoin
  • 21 days The Most Exciting And Strange Energy Tech Of The Year
  • 22 days Morgan Stanley Sees Apple As Major Threat To Tesla’s Dominance
  • 24 days U.S. Lawmakers Pass $2.3 Trillion Relief Package
  • 25 days The Super-Rich Are Investing In “Pandemic Passports"
  • 26 days 5 Promising Stocks in 5 Different Sectors to Start the New Year
  • 27 days Mexico Is Quietly Pushing Out Foreign Oil Investors
  • 28 days A Looming Decision From The Fed Could Send Gold Soaring
  1. Home
  2. Markets
  3. Other

May 8-11… High or Low?

May 8-11… High or Low?

In the 4/17/17 Market Update I wrote of a low-low-high interval pointing to a high on 5/11/17.

The lows of July 8, 1932 and December 9, 1974 were arguably the two most important lows of the 20th century. They lie 15,494 days apart. Adding an additional 15,494 days to the 1974 low points to a high on May 11, 2017.

In the 4/24/17 Market Update I wrote of a Hybrid Lindsay forecast pointing to a high in the period May 8-11.

The Hybrid Lindsay model confirms that forecast for a high in the Dow near May 11. The Hybrid model points to inflections points of both major and minor highs and lows so it does NOT confirm the low-low-high forecast for a major high – only that we should see a decline of unknown degree start near that time period.

There have been a handful of instances in the past when the Hybrid model forecast both a high and a low on or near the same date. Checking the forecast for a low uncovered the same anomaly for the May 8-11 time period. I’m leaning heavily toward the original forecast for a high – not just because of the low-low-high interval forecast – but because the patterns pointing to a high are “cleaner” than the patterns pointing to a low and a 21-day cycle points to a high today (chart). Either way, an inflection point is due this week.

(Click to enlarge)

By Ed Carlson for Safehaven.com

Back to homepage

Leave a comment

Leave a comment