7 Straight Down Days
  

      Those with DJI not 5% below 12-month DJI high.
             1929 - quick recovery from lower band with new highs following..
             1951 - recovered only back to previous highs.
             1959 - quick recovery from lower band with new highs following.
             1963 - after a few more down-days, recovery from lower band with new highs following.
             1973 - bear market follows immediately.  Here there were multiple Sell S9s.

             1976 - another month of weakness followed, then rally back to resistance. Sell S9V at top.
             1989 - quick recovery from rising 21-dma with new highs following.

             (2011 - Deeper 13.5% decline for highs followed.  DJI was down slightly more than 5% from high.)
             (2015 - Deeper 13.5% decline for highs followed.  DJI was down slightly more than 5% from high.)


     

Those with DJI not 5% below 12-month DJI high.