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, 1987was 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.
Get your copy of the October Lindsay Report at Seattle Technical Advisors.
