Last week’s commentary stated that we expected to see a high in the Dow no later than Wednesday. That high didn’t come a day too soon as the index topped on Wednesday at 18,252 and fell to an intra-day low on Friday at 18,050.

The Hybrid Lindsay model points to a low this week and it looks increasingly as if the low will come late as short-term cycles have shifted to be more in line with the Lindsay intervals pointing to a low this Friday. 

Point E of a descending Middle Section on 12/9/13 counts 526 days to the high of the last Basic Cycle on 5/19/15. 526 days later is October 26.

Point E of an ascending Middle Section on 11/7/05 counts 2,002 days to the high of the previous Basic Cycle on 5/2/11. 2,002 days later is October 24.

A significant high on 9/23/98 counts 3,303 days to the high of the Multiple-Cycle on 10/9/07. 3,303 days later is October 24.

Cycles

A 6mo cycle low is due the week of Oct 24. A microcycle low which was due Oct 2 looks to have shifted to this Friday, Oct 28. A 12wk cycle low is due the week of Oct 24. A monthly cycle low is due on Oct 28. A 40-day cycle low is due the same week as the above cycles.

Lindsay Intervals

A 222-day interval counted from 3/21/16 forecasts a change of trend near 10/28/16. 

(Click on image to enlarge)