HIGH IP21 (>.41) SINCE 1966 on SPY
Should we sell when Closing Power uptrend is broken?
7 of 18 -SPY fell to lower band or lower.
2 of 18 - SPY kept rising significantly.
5 of 18 - SPY fell only to 21 dma and then rose signficantly
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March 1995 SPY just kept rising
Sept 1995 SPY went sidewise until it tagged rising 65-dma and
then rose.
Feb 7 1996 SPY fell back to LB
and rising 65-dma when CP uptrend was broken.
Oct. 22, 2001 SPY fell back only to 21-dma
and then rose strongly.
March 21, 2003 SPY fell back only to
21-dma and then rose strongly.
Sept 2003 SPY fell back only to 21-dma and
then rose strongly.
Jan 15 2004 SPY fell back to lower band.
Oct 23, 2006 SPY fell back only to
21-dma and then rose strongly.
Feb 2007 SPY fell back to lower band.
April 2007 When CP uptrend broken, SPY
fell 9%.
March 2010 When CP uptrend broken, SPY
fell 10%
Feb 8 2012 SPY fell only to 21- dma
and rise strongly.
May 17 2013 SPY fell to lower band.
Nov 2013 SPY kept rallying.
June 2014 SPY fell to 65-dma, half way
between LB and MA.
Nov 2014 SPY fell to lower band.
March 2016 SPY went sidewise for months.
Oct 2016 SPY fell nearly to lower band.