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(C) 2015 Wm. Schmidt, Ph.D. www.tigersoft.com
In bull markets, all the earlier Buy B9s occurred above the 65-day ma.
They all produced excellent rallies.
The present case is different in another way. There was previously
a negative non-confirmation by the Accumulation Index (IP21). .
The problem now is shown by the non-Buy B9 in late January 1984.
A Sell S12 (IP21-NNC with the DJI 2.2% over the 21-day ma)
caused a Buy B9 there to be suppressed. If we consider the year-end
rally to the 1.75%-1.8% band to be similar because of the negative
non-confirmation, then the B9 of 1/15/2015 should be treated
very carefully, because there could be a sell-off ahead as there
was in 1984. See also other parallels: the bull market that had
started in August 1982 was by January 1984 in need of a "correction".
The DJI back then also could not get past a rising resistance line.:
19550117 B9 388.2 .207
19860122 B9 1502.29 .215
19880108 B9 1911.31 .059 19880122 B9 1903.51 .063
19960110 B9 5032.94 .103
