Ed Carlson, CMT, is an independent trader and consultant based in Seattle, Washington. He hosts the MTA Podcast Series: Conversations and manages the website Seattle Technical Advisors.com. Ed spent 20 years as a stockbroker; he is a chartered market technician and holds an M.B.A. from Wichita State University.
George Lindsay and the Art of Technical Analysis: Trading Systems of a Market Masterby Ed Carlson
Eight months in advance, one eccentric genius predicted the start of history's greatest bull market–accurate to within 17 days and 7 Dow Jones points. Then, days before his death, he called its end–precisely. Louis Rukeyser called him "uncannily accurate." The Stock Traders Almanac called his work "the finest long-term forecast/i>/i>/i>
Eight months in advance, one eccentric genius predicted the start of history's greatest bull market–accurate to within 17 days and 7 Dow Jones points. Then, days before his death, he called its end–precisely. Louis Rukeyser called him "uncannily accurate." The Stock Traders Almanac called his work "the finest long-term forecast we have ever seen."
Honored by his peers, admired for his profound knowledge of history and markets, George Lindsay is now nearly forgotten. Much of his most significant research has been relegated to yellowing, typed newsletters. Until now.
In George Lindsay and the Art of Technical Analysis, Ed Carlson demonstrates the immense power of Lindsay's methods in today's markets. Using visual models, Carlson explains Lindsay's models clearly, simply, and intuitively. Using this book, investors and traders can apply these techniques without strong mathematical expertise, and without deciphering Lindsay's dense writing style. Carlson walks through using Lindsay's "Three Peaks and a Domed House" model to uncover surprising patterns in "haphazard" short-lived movements… using Lindsay's "Timing Method for Traders" to identify tradeable market tops and get out of bull markets in time… predicting "decisive, often violent" market movements, and more. This book is an indispensable addition to any technical analysis library–and every technician's trading arsenal.
Awarded "Best Investment Book of the Year" - Stock Traders Almanac 2012
- Pearson Education
- Publication date:
- Sold by:
- Barnes & Noble
- NOOK Book
- File size:
- 5 MB
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Ed Carlson has taken an obscure "market guru" from the '60's and '70's and researched the methodology of George Lindsay. By tracing his background doing design in the advertising industry, working on the Chicago Board of Trade, and then as an engineer with McDonnell Douglas during WWII, you develop an appreciation for the eclectic background which made Lindsay unique. Lindsay's notoriety peaked in the 1980's, when he predicted the bottom of the bear market in 1982 eight months beforehand. Before his death in August, 1987, he called a market top, which was followed by one of the biggest crashes in Wall Street history the following October. Carlson's research into the "how" of Lindsay's work was gathered from newsletters and correspondence. Lindsay focused on intervals of time. The pattern he labelled "Three Peaks and a Domed House" was the focus of his work, since he observed that this pattern could be found at 60% of bull market tops and at the peaks of rallies in bear markets. The book is a reference manual for technical analysis, with calculations and counts for 'floors, walls, roofs, separating declines', etc. Casual readers without a desire for detailed explanation and multiple interpretations of market chart patterns may get bogged down in much of the book. However, serious market technicians will find a trove of information, including historical dates and patterns, giving insight into why George Lindsay became one of the most accurate market forecasters of his day.
Jerry Favors was the acknowledged expert on George Lindsay's work. He understood Lindsay's "dense" writing style (by way of personal notes and documents) and made the 3 Peaks and Domed House indicator understandable to those who invested time learning about it. Hope your book does justice to Lindsay and his outstanding work.