"In like a lion, out like a lamb" is a proverb describing the month of March. The month of March usually starts with cold, unpleasant weather, but ends mild and pleasant. Seasonality in equity markets during the eighth year of a Presidential term had led me to expect quite the opposite but it now appears equity markets may more closely resemble weather expectations. My Hybrid Lindsay forecast for a high on February 29 (or very close to it) is outlined below.

Middle Sections

Point C of a flattened top can be found on 5/10/07. It counts 1,608 days to the low of the current Basic Cycle on 10/4/11. 1,609 days later is today, Monday February 29.

The high of a flattened top is found on 3/12/02. It counts 2,551 days to the low of the Multiple Cycle on 3/6/09. 2,551 days later forecasts a high today, Monday February 29.

Cycles

A 15wk cycle high was due the week of Feb 8. If the high came last week this makes the second cycle high in a row in which it stretched to 16 weeks. Last Friday was an expected micro-cycle high.

Lindsay Intervals

A 107-day interval (102-112 days) counts 105 days from the low on 11/13/15 to last Friday's intra-day high.

Try a "sneak-peek " this month at Seattle Technical Advisors.com

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.

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