Stock Market Nowhere to Go

By: Ed_Carlson

Continue to look for an important top in the Dow near February 10.  As the Dow returned to near our price target (20,133) last Friday, this week is set to be a sideways consolidation as equities "spin their wheels" waiting for the big event to commence. Although the Lindsay work would have us erring later than earlier, equities may begin their drop earlier than forecast if they have nowhere to go but down.

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.

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