Tuesday 27 September 2011

George Lindsey + BBC


Usually you only come across this somewhat bizzare market 'guru'
(and you know on the whole what i think of Gurus ) with his complicated
chart pattern 'Three peaks and a domed house'.
However Ed Carlsons book
(George Lindsey & the art of Technical analysis) has some very interesting nuggetts not least the 'Lindsey timing model' and various counts and cycles. This is certainly complementary for exponents of Babson/Andrews & co. His patterns are also in there.

"Everything in the universe moves in rhythm. Nothing happens at random.The underlying factors are,in their turn,subject to the same rhythms as the final product.
The whole is not the sum of the parts , but both the whole and parts labour under similar influences".

His Principle of equalisation: "When one formation falls short of the normal duration, the next one equalises the total elapsed time by becoming longer"


On another point...check this trader out
...doom and gloom..
THE END IS NIGH!

(not really..It's just the end of the Euro (as we know it) and the begining a new bear market)

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