No Relief for Stock Market Bulls until Next Week
Stock-Markets / Stock Markets 2014 Oct 14, 2014 - 03:28 PM GMTBy: Ed_Carlson
A short-term trading cycle averaging 24 trading (not calendar) days has been identified. The 10/1/14 break of the cycle low on 9/12/14 confirmed the short-term change in trend from up to down.
A perfect cycle low of 24 days targets the next low for this Thursday, 10/16/14. As the chart shows, this cycle varies anywhere from 16 days to 28 days.
If the cycle is "long" and extends to 28 days on Wednesday, 10/22/14 it will come very close to the Hybrid Lindsay forecast for a low on the following Monday, 10/27/14.
Try a "sneak-peek" at Lindsay research (and more) at Seattle Technical Advisors.
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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