| Peerless Mode Choices: History:
1965-2005 This should give you a better idea of the optimum way to display the signals. This is the basis for the major signals shown elsewhere. There is one exception, that of the January B9 signals in early 1984. These would have been avoided using the rules here. Conservatively, I have included them, to show the need sometimes to quickly change positions. The display of minor signals with these modes may occasionally differ from what I have caused to be saved into the History files of Peerless signals. If you see a discrepancy, I will be glad to correct it or investigate it. Switch to Mode Choice Date Reason ------------------------ ---------- -------------------------------------------------------------------------------- Neutral (Trading Range) Aug.1965 Assumed mode choice. Feb 1965 Support failure and head and shoulder pattern following S12 does not change modes. Bearish May 1969 2 S9 sets and support failure. Neutral May 1970 B12, B19 Bullish Dec. 1970 B12, B4...prices go above upper band. Neutral Aug.1971 S9 Bearish Aug. 1971 2 S9's and support failure at 880. Note head and shoulder tops. Bullish Dec.1971 B12 + move above upper band. Neutral Apr. 1972 S9 Bearish May 1972 3 sets of S9's in last 12 months.is plausible. But Presdebtial Election years do not usually bring bear markets. Neutral Mode is more advisable in such situations. Bearish Jan. 1973 3 S9's in last 12 months and also support failure. Bearish Oct. 1973 More S9's and support failure of lower band broken. Bearish June 1974 More S9's. Neutral Oct.1974 B19, B9...B12 fails to take DJI over uppoer band. Bullish Jan 1975 B12 and B4 take DJI above 690 resistance and upper band. Neutral Sept.1975 S9 Bullish Jan. 1976 B12, B4 ...DJI shoots above upper band. Neutral Mar. 1976 S12 and S9...Presidential Election Year. Bearish May 1977 DJI repeatedly can't get past round number 1000 resistance. Falls morethan 10% below high of earlier advance into all-time high territory. Neutral Nov.1977 B9...Later S10 does not reassert bearish mode. Bullish Apr.1978 B10 and B4 and move above upper band. Neutral July.1978 S12 Bullish July 1978 B4 Neutral Oct.1979 S9 Bullish Jan.1980 3 sets of S9's in last 7 months. Support failure below 860 validates this. Neutral Mar.1980 B19 Bullish May 1980 B18 suggests a powerful uptrend. Neutral Nov.1980 2 S9's. Note DJI did not close below support line going through earlier lows. Bearish Feb. 1981 3 S9 sets in 5 months. Year after Prediential Election year should add concern. Neutral Sept.1981 B19 and B9 Bullish Aug.1982 B12 and explosion above upper band. Neutral Aug. 1983 S9 Bearish Nov. 1984 3 sets of S9's in 5 months. Bearish Jan. 1985 Support failure should nullify expectation that Presidential Election year would bring stable market. This would nullify Buy B9's in lte Jan at lower band. Bullish-Neutral Aug. 1984 B12 ..but Presidential Election year moderates rally into a trading range. Bullish Nov.1985 B4 and above upper band. Neutral May 1986 S9 Bullish Jan. 1987 B12, B4...DJI rallies above upper band. Neutral April 1987 S9 Bearish Oct. 1987 4 S9's Neutral Oct. 1987 B16...then B17 Neutral Feb. 1988 Presdiential Election year. Bullish Feb. 1991 B12..B4..above upper band. Neutral Feb.1992 Presidential Election year brings expectation of DJI trading range. Neutral Mar.1993 S9 Bullish Apr.1995 B15..and B18 Neutral Nov.1995 S9 Bullish - Neutral Sept.1996 B10...B18....Moderated by Presidential Election year pattern of trading ranges. Neutral Jan..1997 S9 Bullish May 1997 B4's...steady uptrend.B18.. Neutral Oct..1997 S9 Bearish July 1998 2 sets of S9.s and support failure at 8500. Neutral Sept..1998 B17...B17's stifle sell signals for a month. Bearish June 1999 3 sets of S9's in last six months. Neutral Feb 2000 Presidential Election year brings expectation of DJI trading range. Bearish March 2001 2 Sets of S9's and support failure at 9600. Neutral Sept. 2001 B16 Bearish Oct. 2001 2 sets of S9's and support failure at 9500. Neutral July. 2002 B19 Bullish May 2003 B10, B18...steady uptrend...later B15 Neutral Febr. 2004 Presidential Election year brings expectation of DJI trading range. Neutral Apr. 2004 S9 |
