In late August I wrote of an experimental approach I have been using to time short term highs and lows based on the work of George Lindsay. I wrote that my Hybrid-Lindsay model forecast a low on Wednesday, 8/28/13. The closing low came on Tuesday and the intra-day low was on Wednesday. No one was more surprised than me!Two weeks later I wrote that the Hybrid-Lindsay model was calling for a top on 9/11/13. Whoops! The high of the post 8/28/13 rally didn’t materialize until 9/18/13. You can read…See More
The work of George Lindsay is predominately concerned with timing turns in the market but he did have at least one method of forecasting price. Specifically, forecasting bear market lows following 3PDh formations. He called this approach the Tri-Day Method and explained it in a series of five supplements to his newsletter from May to September 1959.This method forecast a low to the 1917 bear market of 65.85. The actual low on 12/19/17 was 65.95.It forecast a low in the post-1929 bear market of…See More
Ed Carlson, author of George Lindsay and the Art of Technical Analysis, is an independent trader, consultant, and Chartered Market Technician (CMT) based in Seattle, Washington. Carlson hosts the MTA Podcast Series and is a contributor to Technical Analysis of Stocks and Commodities and SFO Magazines. He also 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.