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The Day the Dow Puked

By: Ed Carlson | Tuesday, October 13, 2015

Readers who have received a copy of this month's Lindsay Report are aware of the Hybrid Lindsay forecast for a high on Oct 19 (a high, not the next high). The "high" on that date may be the end of a short uptrend or it may be the end of a consolidation that precedes a sharp drop in equities.

With last week's new Hybrid forecast for a low on Oct 20, I'd say this is a set up for a possible crash. Oct 19, 1987 was the day the Dow puked after having already rolled over earlier in August. At the time it was seen as a normal, healthy correction. An almost identical situation occurred at the bull market high in 1929.

The Day the Dow Puked
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Get your copy of the October Lindsay Report at Seattle Technical Advisors.

 

Author: Ed Carlson

Ed Carlson
Seattle Technical Advisors.com

Ed Carlson

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.

Copyright © 2012-2017 Ed Carlson