• 34 mins Conspiracy Theories Set Tone For 5G Cold War
  • 2 hours Working From Home Will Transform The Energy Industry
  • 3 hours The Multi-Billion Dollar Race For A Vaccine
  • 4 hours Can Domestic Tourism Bolster Emerging Economies?
  • 5 hours Australia Considers $100 Million Investment To Kickstart Mining Industry
  • 6 hours Has Re-Opening The Economy Been Successful?
  • 7 hours Gold Miners Still Have Massive Upside Potential
  • 8 hours The Risky World Of Oil Hedging
  • 9 hours Africa Turns To Innovation Amid The Global Pandemic
  • 10 hours COVID-19 Sparked A Bicycle Boom
  • 11 hours Will Government COVID Intervention Cause Inflation?
  • 1 day The Bitcoin Miner That Is Paid To Do Nothing
  • 1 day Capital Gain vs. Capital Consumption
  • 1 day Tesla’s Latest Battery Innovation Ready For Use In China
  • 2 days China Targets Hong Kong As Cold War With US Heats Up
  • 3 days No Shirt, No Shoes, No Mask, No Service
  • 4 days Is Bitcoin Actually Worth The Energy It Uses?
  • 4 days Insurance Companies Are Turning People Away As COVID-19 Crisis Escalates
  • 4 days Mining Exploration To Drop By Nearly 30% Despite Gold Boom
  • 4 days Europe Set To Unveil Its $500 Billion 'Green Deal'
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Ed Carlson

Ed Carlson

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent…

Contact Author

  1. Home
  2. Markets
  3. Other

Could Equities Sell Offs Find A Bottom This Week?

Cycles warn that the sell-off in equities during the last two weeks should find a bottom this week – temporarily. The Bradley model does not hold much hope for those who hope to trade the bounce as it points an upwards-to-sideways move until mid-September when it drops precipitously into mid-October.

The Decennial pattern warns of a nasty sell-off in equities during years ending in the number 7 (i.e. 2017).  Since 1907 each of these years (with the exception of 1947 which suffered a mere 6.2% drop) has seen a double-digit decline beginning somewhere between June and October.

One non-cyclical indicator warning of a low is NYSE new 52-week lows (chart). They have reached a high enough level to indicate that market participants have thrown in the towel (the selling is over for now).

By Ed Carlson 

Back to homepage

Leave a comment

Leave a comment