Cases since 1928 when DJI was 2.3% to 2.5%
below its 21-day
with Positive Peerless P-Indicator and Accumulation Index Readings.
Outcome: 4 up 3 down
Date
la/ma
MA-ROC P-I
IP21 V-I
Opct
9/9/2011
.976
.288
100 -31 .038 -88
.126 below 200-day ma
Outcome - rally to apex of right shoulder in H/S oattern
4/10/96
.976
-.201
6 -60 .042
-15 -.077
DJI rose immediately.
1/8/88
.975
.261
185 -95 .118
14 .304 below 200-day ma
DJI rose immediately
11/18/86
.975
.04
18 -22 .061
0 .021
DJI rose immediately.
11/25/58
.977
.022
25 -9 .039
-173 .248
DJI rose immediately.
3/17/1939
.976
-.057
17 -34 .008
-30 .016 below 200-day ma
DJI fell from 143.90 to 124.00 on 4/10/1939
H/S Pattern warns of big trouble.
http://en.wikipedia.org/wiki/German_occupation_of_Czechoslovakia
2/3/1932
.976
1.058
50 -1 .057
110 .071 below 200-day ma
DJI fell from 78.30 to 71.80.
Here the B9 would have been not used because the market
mode would then have
been "Extreme Bearish".
11/16/1931 .977
.679
2 -19 .077
-56 .076 below 200-day ma
DJI immediately fell from 104.80 to 71.20 on 1/5/
Here the B9 would have been not used because the market
mode would then have
been "Extreme Bearish".