TESTS OF RISING 65-DMA IN BULL MARKETS
WHERE A/D LINE FAILS TO CONFIRM THE DECLINE,
3 MONTHS OF NON-VIOLATION OF 65-dma AND
BELOW 21-dma BY MORE THAN 1.2% (as was true for 3/27/2017)
18 cases:
6 instances where bull market continues.
5 rallies but only to upper band.
2 Minor declines and rallies to UB
5 Big declines follow, 10% or more from high.
But what happened where both P and IP21 were
negative?
8/24/1959 H/S 10% decline
.985
-78 -.031
2/10/1959 Bull Market continues
.986
-22 -.05
11/28/1940 H/S Additional big decline
.983
-2
-.032
4/22/1936 Additional 12%
decline .98
-97 -.194
12/17/1935 Bull Market continues
.98
-51 -.214
8/18/1933 rally to UB
.981
-57 -.155
Answer: 3 big
declines, 1 rally to upper band
and 2 bull market continues.
LA/MA P
IP21
3/27/2017
.986
-120 -.093
Nov 2010 Bull Market continues
.983
-36
+.146
9/25/2003 Bull Market continues
.984
+300 +.023
8/19/1997 Minor decline
.981 +94
+.03
8/3/1995 Bull Market continues
.983
+37
-.072
2/28/1994 H/S 11% decline
.98
-90
+.08
4/15/1987 rally to UB
.979
-188 +.08
May 1986 rally to UB
.979 +7
+.029
7/8/1983 rally to UB
.986
-4
+.064
5/20/1971 H/S Big decline unfolds
.986 -142
+.035
8/24/1959 H/S 10% decline
.985
-78 -.031
2/10/1959 Bull Market continues
.986
-22 -.05
11/18/1950 rally to UB
.983
15
-.011
12/21/1945 Bull Market continues
.986
24 +.083
3/20/1945 H/S minor decline
.983
127 +.069
11/28/1940 H/S Additional big decline
.983
-2 -.032
4/22/1936 Additional 12%
decline .98
-97 -.194
12/17/1935 Bull Market continues
.98
-51 -.214
8/18/1933 rally to UB
.981
-57 -.155
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