Tuesday, April 19, 2011
domed house update
Here is an updated schematic for Lindsay's three peaks and a domed house pattern. I think we are in the domed house portion of the pattern. The domed house began from the July 2010 low.
I think the seven month, 10 day period timed point 19 and that point 20 occurred at yesterday's low. The market is now headed up to the dome of the domed house. This generally takes the form of a distorted head and shoulders pattern.
I estimate that the Dow will reach 14000 at point 23 and that the S&P will hit 1500. My best estimate for the timing of point is June 30.