No Peerless
Sells but DJI still falls more than 6% from top.
The
4 most commonly occurring conditions for these declines are:
Nine
past cases to 1929
IP21
drops below its 21-dma (8/9)
Overhead resistance (7/9)
Well-tested
price-uptrendline is broken (6/9)
A/D
Line trend-break (5/9)
www.tigersoftware.com/NOSELLS/INDEX.htm
Overhead resistance:
Nov -1935, July 1939, Aug 1953, Aug 1962, Sept 1984, June 2004,Oct 2011 (7)
H/S: Nov -1935, June 2004 (2)
Well-tested price-uptrendline is broken: Nov 1936, July 1939, Aug 1962, Oct
1963, Ju;y 1997, Nov 2011 (6)
A/D Line trend-break: Nov -1935, July 1939, Aug 1953, Aug 1962, Oct 2011 (5)
IP21 drops below its 21-dma after DJI rally: Nov -1935, July 1939, Aug 1953,
Aug 1962, Sept 1984, Aug 1997
June
2004, Oct 2011 (8)
Drops only to rising 65-dma: Nov -1935, Sept 1984
Overhead resistance, H/S, A/D Line trend-break, IP21 drops below its
21-dma after DJI rally. Well-tested price-uptrendline is broken |
Overhead resistance, A/D Line trend-break, IP21 drops below its 21-dma
after DJI rally. Well-tested price-uptrendline is broken |
Overhead resistance, A/D Line trend-break, IP21 drops below its 21-dma
after DJI rally. |
Overhead resistance, A/D Line trend-break, IP21 drops below its 21-dma
after DJI rally. Well-tested price-uptrendline is broken. |
All-time high, badly lagging A/D Line, H/S, IP21<0, almost Sell S12. Well-tested price-uptrendline is broken |
Overhead resistance, Flat resistance, IP21 drops below its 21-dma after
DJI rally. |
All-time high, over-extended well-tested price uptrend is broken,
IP21>its 21-dma. |
Overhead resistance, H/S, IP21 drops below its 21-dma after DJI rally. |
Overhead resistance, A/D Line trend-break, IP21 drops below its 21-dma
after DJI rally. Well-tested price-uptrendline is broken |