Saturday, May 19, 2012

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.


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