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

Chapter 11. Long-Term Cycles and Intervals

“My version of cycles is different. I call them intervals. They are counted from a low to a high or from a high to a low. I project a movement to a point in the future which exists only in theory, the same as in cycles. But when I come to calculate the movement after that, I don’t begin from the theoretical crest. I start counting from a high which the market has actually made. That’s the difference between cycles and intervals.”¹ —George Lindsay

Lindsay’s counting method can best be described as a funnel approach. His analysis starts with a long-term interval that provides a wide range of time as a target. He then narrowed down that target using other, shorter intervals that provided shorter target ...