Stock Market Cycles Middle Sections :: The Market Oracle …

Stock Market Cycles Middle Sections :: The Market Oracle …

Stock Market Cycles Middle Sections



Cycles AnalysisApr 16, 2014 – 02:42 PM GMT

By: Ed_Carlson

An advancing Middle Section from early 2009 (top) pointed to two separate highs last week. The definition of a Middle Section is a period of time in which the Dow’s rate of advance slows relative to what comes both before and after it. The two measuring points are points E and C. Point E is always the second-to-last rally in a Middle Section. Point C is the day the Dow drops down from a minor topping formation and begins the decline into the low of the Middle Section at point D. In this case, points C and D are identical.

Counts are taken from the measuring points to the low of the basic cycle (10/4/11) and the forecasted high is an equidistance after that low. In Lindsay’s work lows always count to highs.

Point E on 4/2/09 counts 915 days to 10/4/11. This produced a forecast for a high on Monday, 4/7/14. The actual high fell on the previous Friday, 4/4/14.

Counting from point C on 3/30/09 to 10/4/11 is 918 days and was spot-on in forecasting last Wednesday’s high – 918 days beyond 10/4/11.

Want to know more about the work of George Lindsay? Order your own copy of the George Lindsay Training Course at SeattleTA.

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 trader, consultant, and Chartered Market Technician (CMT) based in Seattle. Carlson manages the website Seattle Technical, where he publishes daily and weekly commentary. He spent twenty years as a stockbroker and holds an M.B.A. from Wichita State University.

© 2014 Copyright Ed Carlson – All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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