The Traders Network
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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.…Continue
Posted on August 20, 2013 at 9:35am
Stock Trader’s Almanac has been parsing equity market returns during the various years of the Presidential Cycle for decades; election years, pre- and post-election years, and mid-term years. The goal is to help equity investors to know when to expect highs and lows in the market based on what year of the cycle they happen to be interested in.
Posted on August 13, 2013 at 9:30am
An odd looking 3PDh pattern has occurred over the last year in the Dow. Lindsay wrote that when these patterns cap secular bull market highs (rather than cyclical highs) they often look atypical.
Three peaks formed on 4/2/12, 5/1/12, and 10/5/12 which meet Lindsay’s requirement that peaks one and three be within 6-10 months apart.
The separating decline following…Continue
Posted on August 6, 2013 at 10:04am