Flat, Narrow DJI Trading Ranges|
             9/9/2014 (C) 2014 William Schmidt, Ph.D.
             ------------------------------------------------------------

               Breakdowns   (9)

                             January 1956  - 3.5% decline to rising 200-dma
                             January   1962 - 3% decline to 4 month low.
                             September 1978 - False breakdown.
                             July 1989 - False breakdown.
                              April 1992 - False breakdown.
               
                            July 1992 - 4% decline to two month low.
                             November 2003 - 2% decline.
                             April 2012 - 2% decline.
                            January 2014 - 5% decline.

       Breakouts   (5)
                            August 1929
                            July 1954
                            July 1984
                            January 2010
                            March 2013

DATA1929.BMP (1920054 bytes)
DATA54.BMP (1920054 bytes)
DATA5556.BMP (1920054 bytes)
DATA6162.BMP (1920054 bytes)
DATA78.BMP (1920054 bytes)
DATA1985.BMP (1920054 bytes)
DATA1989.BMP (1920054 bytes)
DATA9192.BMP (1920054 bytes)
DATA1999.BMP (1920054 bytes)
DATA03.BMP (1920054 bytes)
DATA0910.BMP (1920054 bytes)
DATA1112.BMP (1920054 bytes)
DATA1213.BMP (1920054 bytes)