December Bull Market Tops
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                                                 IP21         Signal

                     1) 12/28/1916      na
                     2) 12/30/1955    -.137        none and 6.5% decline before new high.
                     3) 12/5/1968        .088         S1
                     4) 12/31/1976     .11            S4/S16
                     5) 12/10/2007     .001          S9/S12
                     6) 12/31/2013     .01            S16

                                         Top   12/28/1916

wpeC185.jpg (56187 bytes)

1516B.BMP (362454 bytes)

                                         Top   12/30/1955
DATA5556.BMP (948054 bytes)

                                                 Top  12/5/1968
DATA6869.BMP (948054 bytes)

                                             Top   12/31/1976
wpe30.jpg (56780 bytes)

                                               Top  12/10/2008

DATA0708.BMP (948054 bytes)


                                               Top  12/31/2013

wpe31.jpg (44966 bytes)