Stock Market Lindsay Right Shoulders

Stock-Markets / Cycles Analysis May 05, 2015 - 05:52 PM GMT

Long-time readers will remember Lindsay’s admonition that following extended basic advances (929-968 days) a right shoulder is to be expected. Normally, a right shoulder is a significant high but lower than the high of the bull market. However, Lindsay allowed for the possibility of a right shoulder appearing at a higher level than the high of the basic advance. This happened in 1966 and 1973, and is occurring again in the current bull market.

Like sideways movements, no right shoulder has ever lasted more than 11 months. The Dow is still within the time period expected for a right shoulder. Eleven months from the end of the basic advance (last July) is this coming June.

The right shoulder on 2/9/66 was 1,519 days beyond the high of the previous basic cycle on 12/13/61.

The right shoulder on 1/11/73 was 1,500 days beyond the high of the previous basic cycle on 12/3/68.

The right shoulder on 4/17/1930 was not higher than the end of the basic advance but it counts 1,526 days beyond the high of the previous basic cycle on 2/11/26.

A count of approximately 1,500 days appears to be of some significance. Counting from the high of the basic cycle on 5/2/11 and using the minimum and maximum time spans from above we find a targeted time period for the high of the current right shoulder (and end of the bull market) in the period June 10-July 6, 2015.

June 10 is very close to the confirmed hybrid forecast for a top in the period June 6-9, 2015.

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.

© 2015 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.

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.