1988-2016
DJI-15 (Utilities) H/S Completed DJI reaction
No Peerless Sell
1 H/S Pattern completed in July 1989 --> DJI fell 3.8% below 21-dma. No Peerless sell signal.
2 H/S Pattern completed in Aug 1992 --> DJI fell 3.5% below 21-dma. No Peerless sell signal.
3 H/S Pattern completed in Sept 1993 --> DJI fell 2.5% below 21-dma. No Peerless sell signal.
4 H/S Pattern completed in Nov 1995 --> DJI rose instead of falling. No Peerless sell signal.
5 H/S Pattern completed in June 2007 --> DJI fell 2.0% below 21-dma. No Peerless sell signal.
6 H/S Pattern completed in Dec 2009 --> DJI fell 4.0% below 21-dma. No Peerless sell signal.
7 H/S Pattern completed in Aug 2012 --> DJI rose instead of falling. No Peerless sell signal.
8 H/S Pattern completed in May 2013 --> DJI rose instead of falling. No Peerless sell signal.
9 H/S Pattern completed in May 2014 --> DJI rose instead of falling. No Peerless sell signal.
Utilities Bear Markets:
Jan-Aug 1990 - Peerless Sell & 5% decline from high.
No Utilities' rally when Peerless gave a Buy at end of Jan 1990.
Jan-Apr 1992 - 5% decline from high
Sept 1993 - Nov 1994 - H/S, 5% decline from highs
Fen 1996 - May 1996 - Peerless Sell & 5% decline from high.
Jan 1997 - April 1997 - Peerless Sell & 5% decline from high.
June 1999 - December 1999 - Peerless Sell & 5% decline from high.
December 2000-December 2001 - False Breakout, 5% decline from high, Peerless Selll & H/S
April-October 2002 - H/S, Peerless Sell, 5% decline from high.
Jan-October 2007 - Peerless Sell, 5% decline from high.
Jan-March 2009 - Peerless Sell & 5% decline from high.
Dec 2009-May 2010 - H/S, 5% decline from high.
July-Nov 2012 - H/S, 5% decline from high.
April - Dec 2013 - H/S, 5% decline from high.
Jan - Aug 2015 - 5% decline from high
===============================================================
False Signals (not finished)
False Utilities fall more than 5% from highs
