Stock Market Long, Hot Summer
Stock-Markets / Stock Market 2017 Mar 20, 2017 - 04:13 PM GMTIt looks like the Dow is due for its first major correction of 2017. While the expected downturn could be “uncomfortable” for many, it is not expected to witness the end of the secular bull market.
Lindsay’s long cycle is expected to count a 15yr interval between point A (10/10/02) and points J or H. That would place the more important high in the period from October’17 until September’18.
The downturn we expect now is due to the combination of a different 15yr interval forecasting a high in the period from September’16 until August’17 (see Market Update December 27, 2017) and a 12yr interval pointing to a low in the period May-November 2017. It could be a long, hot summer.
The correction may have already begun with the high on 3/1/17. We also have a Middle Section forecast for a high closer to 4/3/17.
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
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.
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.