Over the past several months I have debated from which low of the 2011 Sideways Movement to count the current basic advance; 10/4/11, 11/25/11, or 12/19/11.

The first two lows were forecast by Middle Sections telling us that they are significant and should play a role in our forecasts.

However, there is no Middle Section forecast to the low on 12/19/11 thus removing it from consideration as the origin of a basic advance.

The Dow is past the point where all possible standard time spans from 10/4/11 have expired. As for 11/25/11, all possible standard time spans from this low have expired except one; an extended basic advance (929-968 days). It forecasts a high in the time period from June 11 to July 20. July 20 is this Sunday which means if the 2009 bull market top wasn’t already seen on 7/3/14 then it should be expected this week.

Get your copy of the June Lindsay report at Seattle Technical Advisors – the Authority in Lindsay Market Analysis.

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 Advisors.com, 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

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