'Selected Articles of the Late George Lindsay (1965-1983)' |
Showing posts with label 3PDH. Show all posts
Showing posts with label 3PDH. Show all posts
Wednesday, June 17, 2015
George Lindsay Projection: Major Stock Market High early September
Labels:
3PDH,
Carl Futia,
George Lindsay,
QE,
SPX,
Three Peaks and a Domed House,
US-Stocks
Thursday, October 11, 2012
Carl Futia - Top of Domed House ?
Credits: Carl Futia |
It is certainly possible that I am a bit early in my interpretation here. Perhaps the October 5 top will turn out to be point 21 instead of point 23.
...The strongest single piece of bullish evidence I see is that the majority of investors surveyed by AAII are bearish. I think it would be unprecedented for a bear market to start under such conditions. But precedents are made to be broken as are all statistical records. The other piece of bullish evidence can be found in the action of the bull market leaders, Google and Apple, both of which made historical highs within the past couple of weeks. Another leading sector, home building, is also at new bull market highs.
Looking at all this evidence I'd say that the bearish factors are ones which are not helpful for precise timing. The AAII sentiment number suggests that my call of point 23 is early, but as I said above that just means that the domed house will take more time to develop its top. So I think the best way to approach this market is to defer a bear market prognosis until the green trend line is broken or until another point 23 or point 27 at new bull market highs becomes visible when AAII sentiment is bullish, not bearish as it is now.
Credits: Carl Futia.
See also HERE
Labels:
3PDH,
Carl Futia,
Contrarian,
DJI,
George Lindsay,
Three Peaks and a Domed House
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