Very Positive IP21 and
Negative V-I with DJI more than 2.4% over 21-dma Cases: 1929-2017 Bull Market Environments: 10 rallies 5 declines 2/6/1951 - DJI fell to lower band but no good Buy signal there. V-I was estimated before 1965. 7/6/1954 - DJI went much higher. 9/24/1954 - DJI fell 2% before lower band and then went much higher. 7/6/1956 - DJI rose 3% more before falling 10%. 4/24/1957 - DJI kept rising for 10 more weeks. 7/22/1958 - DJI went much higher. 8/7/1979 - DJI rose for two months. Jan1996 - DJI went much higher. July 2009 - DJI went much higher. 11/25/2009 - DJI went much higher. (7/26/2010 - DJI fell to lower band - A different Peerless Sell also occurred here.) 2/9/2011 - DJI fell to lower band. Oct 2015 - DJI rose another month 11/4/2015 - fell to lower 3% band. 2/25/2016 - DJI went much higher. Bear Market Environments 10/27/1969 - This called top nicely. 7/24/1973 - A little early, but successful as a point to sell short. 4/19/2001 - DJI rose for another month. 10/16/2001 - DJI fell back to 3% lower band. 11/16/2001 - DJI went much higher. 8/19/2002 - DJI fell for two months |