Glossary

107-day interval   An interval of 107 calendar days used to forecast the intraday high of an advancing market. The key to using the interval is correctly determining its origin.

agitation   The starting point of a series of time intervals. An agitation may be an episode of violence, eruptions of an emotional nature (religious, economic, or political), or a creative concentration (books, paintings, plays, music, etc.).

ascending base   A base that forms after the Separating Decline in a Three Peaks and a Domed House pattern. This base is characterized by a series of higher highs and higher lows.

ascending middle section   The period in a bull market when the advance slows (relative to what preceded and followed this time period), typically for 20 weeks or more. The formation is used to target tops and bottoms. When the rallies in the middle section exceed the top of the previous advance, it is referred to as an Ascending Middle Section and contains at least three rallies.

base   The base-building phase of a Three Peaks and a Domed House pattern prior to the First Floor Wall.

basic advances   Different categories of market advances of varying length but all lasting approximately two years.

basic declines   Different categories of market declines of varying length but all lasting approximately one year.

basic movements   Either advances or declines composed of the Standard Time Spans.

bottom to top count   A possible origin of a 107-day count in the Lindsay Timing Model, prior to an extended rise.

cluster   A trading range near, or just after, the expiration of a 107-day count.

coincident counts   In the Lindsay Timing Model this is an alignment of a 107-day count with various LLH counts within 24 hours of each other.

compact top formation   The common framework of the nine variations of a Key Range.

count   The number of calendar days between the origin and ending of a time interval.

cupola   The top of the Three Peaks and a Domed House pattern that resembles the cupola of a house or head-and-shoulders top.

descending base   A base that forms after the Separating Decline in a Three Peaks and a Domed House pattern. This base is characterized by a series of lower highs and lower lows.

descending middle section   Essentially, a downtrend in a long bull market typically for 20 weeks or more. The formation is used to target tops and bottoms. When the rallies in the middle section fail to exceed the top of the previous advance, it is referred to as a Descending Middle Section and normally contains only two rallies.

double bottom top   A Key Range in the Lindsay Timing Model characterized by three highs separated by two lows, the first of which is usually the key date.

double top   A Key Range in the Lindsay Timing Model characterized by two highs separated by a low that is often the key date.

extended advance   The longest Basic Advance, varying between 929 and 968 days.

final dip   A variation of the Key Range concept in the Lindsay Timing Model in which the key date is the final dip in price prior to the high of the advance.

first floor roof   Often, but not always, a sideways pattern characterized by a five-wave reversal following the First Floor Wall in a Three Peaks and a Domed House pattern.

first floor wall   A sharp rise following the base in a Three Peaks and a Domed House pattern.

fractal   A geometric shape that can be split into parts, each of which is a reduced-size copy of the whole.

important count   ¹A count from one important low to another important low not more than two years later. ²A count from an important low to a minor low not more than three months later.

important low   During an uptrend, a low in a Low-Low-High interval that drops lower than a previous low in the uptrend preceding the most recent high. An important low can also be a change in trend. Important lows in downtrends precede an upward retracement that climbs higher than a previous upward correction in the same downtrend.

irregular base   A base that forms after the Separating Decline in a Three Peaks and a Domed House pattern. This base cannot be contained within parallel lines.

key date   The origin of the 107-day count used in the Lindsay Timing Method.

key range   The price range within which the key date is located. A Key Range has nine possible variations.

lindsay timing model   A timing method used to identify the intraday price high of a market advance using both the 107-day interval and the Low-Low-High interval.

long advance   A basic advance that varies between 715 and 830 days.

long decline   A basic decline typically lasting 13 or 14 months.

long-term intervals   The elapsed time from an important high to an important low or vice versa. The two low-to-high intervals are approximately 8 years and approximately 15 years. The high-to-low interval lasts approximately 12 years.

low-low-high interval   Two price lows separated by an interval of time equal to the interval of time separating the second price low from a succeeding price high.

M-pattern   A series of historic cycles lasting almost 400 years from beginning to end. The pattern describes the expected timing of a nation’s good and bad fortune.

major top formation   A top formation that extends over several months and normally includes several Compact Top formations.

medium-term intervals   Counted in days and referred to as the Standard Time Spans or Basic Movements.

minor count   ¹A count from one minor low to another minor low. ²A count from one minor low to an important low. A minor low is valid for no more than four months.

minor lows   A low in the Low-Low-High interval that is any low other than an “important low.”

post top counts   A 107-day count in the Lindsay Timing Model taken from a key date after the high in a Key Range, rather than the more common approach of a key date prior to the high of the Key Range.

principle of alternation   The principle holds that Basic Movements of the same class and direction alternate in length. A long advance is followed by a short advance.

principle of equalization   In a Three Peaks and a Domed House pattern, when one formation (the Three Peaks or the Domed House) falls short of the normal duration, the other pattern equalizes the total elapsed time by becoming longer or shorter.

range dip   Similar to a final dip in the Lindsay Timing Model except that the final dip, rather than being in the Key Range, is the final dip prior to the Key Range.

retrograde movement   An attempt to change the course of events in history that usually occurs before the expiration of the 40-year interval in Lindsay’s Technical History and serves to confuse the outlook.

rule of continuity   When a long-term or medium-term trend ends, an opposite trend, of the same class, must begin immediately.

second floor wall   A sharp rise following the First Floor Roof in a Three Peaks and a Domed House pattern.

secondary low   A temporary bottom in a decline that occurs 13–14 months after a high in the market.

separating decline   The sell-off following the third peak in a Three Peaks and a Domed House pattern. The decline must terminate at a point below at least one of the reactions following peaks one or two.

short advance   A basic advance of less than two years.

short decline   A basic decline typically varying between 340 and 355 days.

short-term intervals   The counts in the Three Peaks and a Domed House and Lindsay Timing Models.

sideways movement   An intervening period when the theoretical trend is neither up nor down.

sinking key range   A Key Range in the Lindsay Timing Model that appears as a consolidation in a declining market.

special class   A key date in the Lindsay Timing Model such as a dip succeeding a Bottom to Top Count. Any 107-day counts originating at such an origin should be expected to target a short-lived bounce in an already existing decline.

standard time spans   The various durations of market moves that have recurred throughout history.

subnormal advance   An extremely short and relatively rare basic advance.

subnormal decline   An extremely short basic decline varying between 222 and 250 days.

swingover   In the Tri-Day Method a ratio found by dividing the distance from the bottom of the Separating Decline to the top of the Domed House by the distance from Peak Three to the bottom of the Separating Decline.

symmetrical base   A base that forms after the Separating Decline in a Three Peaks and a Domed House pattern. This base can be contained within parallel lines.

target date   The 107th calendar day after the key date in the Lindsay Timing Model.

technical history   The term Lindsay used to describe the methods in his book The Other History.

three peaks and a domed house   A geometric pattern used to find the end of a bull market.

top-to-top count   A method using the 107-day interval to target the top of a market advance.

tri-day method   A series of calculations to determine a price target for a bottom after the top of a Three Peaks and a Domed House pattern.

true date   The actual intraday high of an advance normally contained within a ±5-day window surrounding the Target Date in the Lindsay Timing Model.