Hello all.  Hope everyone is enjoying their weekend.

Short version:

What I'm seeing appears to support Ciberzone's count that we are finishing w4 (up) and about to start w5 (down).

That would complete the larger w1, then this chart seems to indicate a short w2, and then the BIG w3 down (or some kind of very major top) would start on Jun 15.

I'm short the S&P and I'm putting a (buy) stop at about 1330 just in case I'm wrong.  I plan on getting out at the bottom of w5 and then short again on Jun 15.

Long version:

Sorry this is longer than usual. I try to keep it short, but I want to report research results.

I've spent the majority of this weekend working with Lindsay's timing system with S&P 500 data going all the way back to 2000.

I've come to the conclusion that this is not a "stand alone" system.  But when combined with other systems, it can give confirmations.

Lindsay used the LLH / 107-day system for reporting market tops.  

I personally extrapolated the opposing HHL / 107 day system for reporting market lows, but my weekend studies have shown this to be far less reliable than the LLH / 107-day system.  (I'm sure Lindsay would have figured this out himself if it worked well).  So I'm stripping out the "bullish influence" chart because it's unreliable.

So I can only call major market tops (not bottoms). So it's admittedly lop-sided and only 1/2 the picture which is why it's not a stand-alone system and has to be combined with other things.

So the thick red lines occur near probable market tops.  The other thick lines are generic "reversal" lines that will try to affect price.  They act like support/resistance lines but instead happen on a particular day.  It's hard to say if they'll only cause a small blip or a full on reversal.  If they are right next to each other, the possibility of reversal is greater.  More on these another time.

The activity around Jun 15 is really really huge.  I think Jun 15 will be THE top, but otherwise there will be a topping process in that definitely should end and fall off a cliff by Jun 25.

Good luck everyone!

Hi everybody.

Here's what I'm seeing on these time charts today.

Short version:

I think the Global markets will get hit again with a (weakish) bearish influence line in the next 2 days that will be enough to push it to the June 1-4 low.

The S&P will try to resist but will succumb a day or two later.

Long version:

The S&P Global 1200 ($SSGL in my charting program) is reacting as expected to the red (although weak) time line.

The S&P ($SPX) is resisting.

I've added a chart the shows the $SPX resists downtrends on the $SSGL, but then eventually succumbs (see area 1 as compared to area 2).  I'm interpreting the charts as the same thing is going to occur.

You'll notice I've added a new red line on the $SSGL chart.  I was trying to verify the corresponding line on $SPX, but don't have data for $SSGL that goes back to 7/5/2010, so I used Global Dow, and that's where the line ends up.  It calls for bearish influence on the global scene tomorrow or the next day (or less probably the day after the line).

Good luck everybody!

Good evening all.

It would seem to me the next real milestone on these time sheets is the call for Jun 4 bottom.  These particular lines don't call for a major bottom, just medium-small size. But we'll see on that.

So...

1) if you believe that is the potential date of a bottom AND

2) If you're like me and feel we have one more leg down to go before we get to that turning point THEN

...we don't have any time to spare and it needs to start this final leg down right away.

There's some discussion as to whether we can do one more high tomorrow.  I'm thinking maybe we could squeak out one more high tomorrow (maybe?), but I'm thinking the high is already in place.

I could be wrong, but for my trade it doesn't really matter if the high was yesterday or tomorrow, since I've been short for a while.

If it goes to new highs on Friday, then I'm definitely cashing out because I'll be lost and not quite sure what the market is doing (when in doubt, get out!)

I've attached images showing the HHL counts that point to the bottom in the first few days of June.  If you try to count these yourself, be sure to use calendar days and not trading days.

Good evening all.  Here's what my Lindsay Time charts show:

Short version:

Since the upward move didn't originate from anything any substantial time lines, I'm seeing it as a short-term move.  The red line on tomorrow's date means the top was formed today or the top will form tomorrow.  Thereafter the trend should resume down.

Long version:

In the Lindsay time system is the notion of Low-Low-High (LLH).  If you measure the number of calendar days (calendar, mind you, not trading days) between two lows and carry it forward, it will often fall on a high (the high will typically happen the day before, or the same day of the line).

If you have multiple LLH lines occurring close to or on top of each other, the turn should be more significant.

I've attached a couple of images showing the LLH counts in question (one lands tomorrow and the other on the 29th).

My interpretation:  

Since they are just single lines, the don't have as much power as lines on top of each other.  However, this upward move didn't originate from much of anything (at least in terms of this time chart), so the lines should be able to move the price.  I think the first one will turn the price down (today or tomorrow) and the 2nd line (May 29) will accelerate the downward move.

I am personally short SPXU and have been for some time.

If price does not do what I expect and a new high forms on Thursday, I'm placing a stop a little above the Thursday high so as to exit my position if it triggers and salvage what profit I can.

Place your bets gentlemen.  Good luck to everyone!

UPDATE:  Over the weekend, I worked up a chart for the S&P Global 1200 from scratch.  Here it is:

I don't see anything very exciting going on in these charts that would call for a major trend change.  I think it's going to turn bearish again in the next 3 days.

I'm having a hard time finding people using Lindsay time, so I'll start a blog to see if I can find others who are interested in this technique.

The chart below shows what I have so far.

That big long meltup was tricky for the Lindsay time technique.  It called for a top around 3/12/2012 (+/- 5 days), but it was surrounded by weak LLH lines.  However, note that +5 days was the 17th which was very close to the top of $GDOW.  From there, the S&P was top heavy and did finally succumb when it was hit with the 2nd (although weaker) call for a turn on 4/4/2012 that was reinforced with a strong conglomeration of LLH lines.

Anyway, that's the past.  All that matters is how well it can predict the future.

Unless I made an error somewhere, I don't have any signs of a turn until 5/30.  Until then, there may even be acceleration as it moves through more bearish LLH lines.