Ed Carlson - George Lindsay and the Art of Technical Analysis: Trading Systems of a Market Master

Trading Systems of a Market Master

Ed Carlson

This book is dedicated to my wife, Keika, for her patience and support during the writing of this book.

And to our young son, Edward Kazuya, whose big smile and glowing optimism brightened even the darkest days and who was always there to enthusiastically applaud even my most meager accomplishments.

Vice President, Publisher: Tim Moore
Associate Publisher and Director of Marketing: Amy Neidlinger
Executive Editor: Jim Boyd
Editorial Assistant: Pamela Boland
Senior Marketing Manager: Julie Phifer
Assistant Marketing Manager: Megan Colvin
Cover Designer: Alan Clements
Managing Editor: Kristy Hart
Project Editor: Betsy Harris
Copy Editor: Cheri Clark
Proofreader: Water Crest Publishing, Inc.
Indexer: Lisa Stumpf
Compositor: Nonie Ratcliff
Manufacturing Buyer: Dan Uhrig

2012 by Pearson Education, Inc.
Publishing as FT Press
Upper Saddle River, New Jersey 07458

This book is sold with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, or other professional services or advice by publishing this book. Each individual situation is unique. Thus, if legal or financial advice or other expert assistance is required in a specific situation, the services of a competent professional should be sought to ensure that the situation has been evaluated carefully and appropriately. The author and the publisher disclaim any liability, loss, or risk resulting directly or indirectly, from the use or application of any of the contents of this book.

FT Press offers excellent discounts on this book when ordered in quantity for bulk purchases or special sales. For more information, please contact U.S. Corporate and Government Sales, 1-800-382-3419, .

Company and product names mentioned herein are the trademarks or registered trademarks of their respective owners.

All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher.

Printed in the United States of America

First Printing August 2011

ISBN-10: 0-13-269906-0
ISBN-13: 978-0-13-269906-8

Pearson Education LTD.
Pearson Education Australia PTY, Limited
Pearson Education Singapore, Pte. Ltd.
Pearson Education North Asia, Ltd.
Pearson Education Canada, Ltd.
Pearson Educatin de Mexico, S.A. de C.V.
Pearson EducationJapan
Pearson Education Malaysia, Pte. Ltd.

Library of Congress Cataloging-in-Publication Data

Carlson, Ed, 1959
George Lindsay and the art of technical analysis : trading systems of a market
master / Ed Carlson.
p. cm.
Includes bibliographical references and index.
ISBN 978-0-13-269906-8 (hbk. : alk. paper)
1. Lindsay, George, 1906-1987. 2. Technical analysis (Investment analysis) I. Title.
HG4529.C3676 2012
332.63'2042dc23
2011017617

3PDh (Three Peaks and a Domed House),

8-year intervals,

12-year intervals,

15-year intervals,

107-day counts, combining with LLH (Low-Low-High Count),

107-day intervals, Lindsay Timing Model,

107-Day Top-to-Top count,

1960s case study

1960-1961 advance,

1961-1962 decline,

1962-1966 advance,

1966 decline,

1966-1968 advance,

1968-1970 decline,

Adams, Brooks,

Adams, Henry,

The Advisor,

advisory service,

agitation,

Creative Concentration,

emotional,

unsuccessful revolts,

An Aid to Thinking,

Alphier, James,

American Civil War,

analyst,

appearance of George Lindsay,

artist,

Ascending Middle Section,

bases

Domed House formation,

Symmetrical Base,

longer-than-normal Domed House,

basic advances,

declines following extended basic advances,

extended basic advances,

long basic advances,

short basic advances,

basic declines,

Basic Movements,

basic advances,

basic declines,

long-term intervals,

secondary low sequence,

secondary lows,

sideways movements,

moving upward out of,

Standard Time Spans,

bear markets,

Bottom to Top Counts (BTC),

Brown, John,

BTC (Bottom to Top Counts),

bull markets,

shorter-than-normal Domed House,

calculation steps, Tri-Day Method,

Campaign GM,

case study: the 1960s

1960-1961 advance,

1961-1962 decline,

1962-1966 advance,

1966 decline,

1966-1968 advance,

1968-1970 decline,

characteristics

identifying in Three Peaks and a Domed House,

of Three Peaks formations,

Chicago Board of Trade,

Christian church, founding,

Clusters,

Coincident Counts,

Compact Top formations,

BTC (Bottom to Top Counts),

Clusters,

Double Bottom Top formations,

Double Top formations,

Final Dip,

Head-and-Shoulders Top formations,

PTC (Post Top Counts),

Range Dip,

Sinking Key Range,

Special Class,

Complex Arrangement, Tri-Day Method,

counts

Coincident Counts,

Domed House formation,

expiring,

important counts, LLH (Low-Low-High Count),

LLH (Low-Low-High Count),

medium-term counts,

Middle Section,

Standard Time Spans,

minor counts, LLH (Low-Low-High Count),

Creative Concentration,

Cupola, Domed House formation,

cycles,

long-term,

dates, key dates,

Key Range,

Compact Top formations,

Major Top formations,

death of George Lindsay,

declines,

Domed House formation,

expected size of LLH (Low-Low-High Count),

following extended basic advances,

Descending Middle Section,

difficult to easy,

Domed House formation,

bases,

counts,

Cupola and the decline,

First Floor Roof,

false starts,

missing roofs,

roof rallies,

First Floor Wall,

longer-than-normal,

descending bases,

short bases,

Second Floor Wall,

shorter than normal,

Double Bottom Top formations,

Double Top formations,

Douglas Aircraft,

easy to difficult,

Einstein, Albert,

Elliott, R. N.,

emotional agitations,

Enlightenment, Creative Concentration,

Esty, William,

expiring counts,

extended basic advances,

false starts, First Floor Roof

Domed House formation,

family history of George Lindsay,

Final Dip,

First Floor Roof,

Domed House formation,

false starts,

missing roofs,

roof rallies,

missing, shorter-than-normal Domed House,

First Floor Wall,

Domed House formation,

fractals,

funnel approach,

George Lindsays Opinion,

Georgel, Gaston,

Germany, unsuccessful revolts,

Granville, Joe,

Head-and-Shoulders Top formations,

Hirsch, Yale,

Hitler, Adolf,

identifying characteristics, Three Peaks and a Domed House,

important counts, LLH (Low-Low-High Count),

intervals,

long-term,

8-year intervals,

12-year intervals,

15-year intervals,

Basic Movements,

irregular timing,

irregularities, Three Peaks formation,

key dates,

Key Range,

Compact Top formations,

Major Top formations,

Key Range,

Compact Top formations,

BTC (Bottom to Top Counts),

Double Bottom Top formation,