Chapter 10. Combining the Counts
“To get a big decline in the market, there must first of all be a Top-to-Top count. Second, the Top-to-Top count must either approximately coincide with an important Low-Low-High count; or, as an alternative, it must expire while the average is in the same trading range.”1 —George Lindsay
Lindsay created four2 categories of how Top-to-Top counts might coincide with LLH counts, and they are presented in this chapter with examples. Not all categories should be expected to produce greater than marginal results. Some combinations are more effective than others. Recognizing the different categories in real time will aid in estimating the depth of an expected market decline. In his original newsletter, Lindsay used ...
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