We previously found that we can count both a sub-normal basic advance from the August 2015 low and a short basic advance from the February 2016 low and they both terminate within the 15yr interval. The sub-normal basic advance forecasts a high in the period from 3/31/17-10/18/17. The short basic advance forecasts a high in the period 5/15/17-8/11/17.

Conclusion: We look for an important top in the period 3/31/17-8/29/17. Next week we will apply Lindsay’s middle sections to generate a single-date point forecast.

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.

© 2017 Copyright Ed Carlson - All Rights Reserved

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