Big Declines and The Importance of the 13.5% Line Not Being Penetrated
unless Peerless Gives A New Buy Signal.
1941, 1950 and 1997 show that the 13.5% support can hold| the DJI up
and bring very tradable rallies. Each decline also brought Peerless Buys.
1941 had to have a base built up just above the 13.5%-down level.
1950 saw a brief, shallow retreat from the falling 21-dma and then prices
quickly returned to their highs.
1997 saw a booming reversal upwards, a pause at the 21-day ma
and then a recovery to the old highs.