Watch for DJI new highs not confirmed by the A/D Line, Sell S9s, Sell S12s and S8s.
Sell S15s and Sell S1s are much less common. Head/Shoulders patterns are rare.
Tops Made with key signs of weakness:
1) A/D NCs March-April 1936, June 1843, May 1945, April 1950, May 1964, May 1965,
March 1976, Sept 1983, May 1986, April `1987, April 1992, March 1996, April 1998,
July 1998 (14)
(Breadth Divergences failed in 1999 to call a top.)
2) S9-P-I turned negative after 100 straight days being positive: June 1943, March 1945,
April 1986 (3)
3) Head/Shoulders Patterns: March 1945, June 1950 (2)
4) Sell S8: March 1936, May 1945, May 1965, July 1975, March 1976 (5)
5) Sell S9: March 1936, April 1950, April 1972, July 1983, April 1987, May 1987, April 1992
July 1992, May 2006 (9)
6) Sell S12: March 1936, May 1972, May 1987, July 1992, July 1999 (5)
7) Sell S5: June 1950 (1)
8) Sell S15: March-April 1936, March 1976, April 1998 (3)
9) Sell S1: Feb 1972 (1)
