Buy B13 Losses - 1928-2009

                            What conditions are most likely to bring about a loss?
1916   Head and Shoulders Defeats Buy B13
                   Wilson is about to take US into world War I, despite campaigning on "He Kept Us Out of War".
wpe179.jpg (67028 bytes)
1932    Extreme Bear Market,
  Head/Shoulders and Negative Internals Defeat Buy B13

B133233.BMP (1123254 bytes)
                       1938 - Negative Internals and Declining Tops Defeat Buy B13.
wpe2ECD.jpg (75775 bytes)
      1941 - Head and Shoulders and Negative Internals Kill B13
B134041.BMP (1118454 bytes)
       1947 - Head and Shoulders and Negative P-Indicator Kill B13
wpe2ECE.jpg (61671 bytes)
           1947 - Negative P-Indicator, Small H&S and Declining Tops Defeat Buy B13.
B134748.BMP (1440054 bytes)
         1962 - H/S, Flat Top and Negative Internals Kill B13
wpe2ECF.jpg (73011 bytes)
       1968 - End To A Bubble of Low-Priced Stock Speculation
               Defeats Buy B13.  No rally. 
wpe2ED2.jpg (72960 bytes)
     1978 - Head and Shoulder and Negative Internals Kill B13
B137778.BMP (1920054 bytes)
   1982 -           Small H&S, negative P-Indicator
              and on-Going Bear Market Kill Kill B13
wpe2ED3.jpg (60957 bytes)
B130607.BMP (1920054 bytes)
        2008 -    Small H&S, negative internals
          and on-Going Bear Market Kill Kill B13
wpe2ED5.jpg (78859 bytes)