First Peerless Sell Signals for
            End of December And January:
                  1928-2009
                      33 were profitable   3 were unprofitable
                       (C) 2009   William Schmidt, Ph.D. - All rights reserved.
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                                                                     Gains              Losses
Late December and January Sells
..S9...S12     1/ 30/ 1929     312.6              +3.6%
...S9...S12    1/ 10/ 1930      250                +32%?                          Reversed on 1/23/31  B7 171.8
...S7            1/ 22/ 32            78.8                +0.3%                Reversed on 2/11/32 B7 78.6
...S12         1/ 2/ 1935          104.5              +4.2
...S12          1/ 6/ 1938         128.9                                   -3.6%    
...S1           1/ 8/ 1940    151.3                   +4.4%   
...S10         1/ 29/ 1941   126                   +4% ?   Reversed at 119.9 with B19 2/20/41
               Classic Head and shoulders breakdown.
...S12         1/ 5/ 1942    114.2                +6.5%     
...S1          1/ 14/ 1944   138.2                                      -0.9%  
...S9          1/ 10/ 1946   199.2    +0.3%    
...S10       1/ 14/ 1948   177.4     +2.1%    Reversed at 173.7 on 3/22/1948 by B12
...S1          1/ 28/ 1952   274.2     +3%?     Reversed at 267.1 on 10/51/1952 by B2
...S9...S12    1/ 7/ 1958    447.8                                    -2.4%
...S9           1/ 5/ 1960    685.5        +9.8%
...S10         1/ 5/ 1962    714.8       +24.6%
...S4          1/ 10/ 1966   985.41    +22%?    Reversed at 775.72 on 8/30/66 by B19
...S12         1/ 9/ 1968    908.29    +7.8%
...S12         1/ 2/ 1970    809.7     +5.6%
...S9          1/ 5/ 1973     1047.49   +16%?     Reversed at 874.17 on 8/15/73 by B17
...S12         1/ 2/ 1974    855.32    +3.6%
...S8          12/ 27/ 1976  996.09    +6.2%
...S10         1/ 7/ 1978    793.49    +5.6%
...S4          1/ 16/ 1980   865.19    +10.1%
...S9...S12    1/ 2/ 1981    972.78   +3.5%
...S12         1/ 6/ 1983     1070.92  +3.8%
...S12         1/ 6/ 1984     1286.64  +12.5%
...S4          1/ 3/ 1990     2809.73  +7.5%
...S9          12/ 28/ 1999  11476.71   +4.5%
...S8          12/ 28/ 2000    10868.76  +12.5%   
...S12         1/ 6/ 2003     8773.57   +5.2%  
...S8          12/ 28/ 2004  10854.54    +5.9%
...S10         1/ 24/ 2005   10368.61   +1.4%
...S9          1/ 5/ 2007     12398.01  +2.3%                                        
                       First Peerless Sell Signals of The Year
January   Pivots-Down        DJIA    Short Sale Gain/Consequence
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...S9...S12    1/ 30/ 1929   312.6   +3.6%
                                             Reversed on 1/23/31  B7 171.8
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...S9...S12    1/ 10/ 1930   250
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...S1          2/ 2/ 1931    168.7           Reversed on 2/10/31  B20  181.20 
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...S6          12/ 21/ 31     78.1         -0.6%  Reversed on 2/11/32 B7 78.6 
               This is in Santa Claus period. It should be dropped.
...S7          1/ 22/ 32      78.8   +0.3%   Reversed on 2/11/32 B7 78.6
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...S1          1/ 11/ 33      63.80  +2.7% 
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...S4          2/ 1/ 1934    108.9   +0.3%
...S12         1/ 2/ 1935    104.5   +4.2
...S4          2/ 5/ 1936    150.6         -3.7%
...S15         2/ 10/ 1937   180.8        Reversed by B8 6/14/1937  165.5
...S12         1/ 6/ 1938    128.9         -3.6%
no sells in 1939 
...S1          1/ 8/ 1940    151.3   +4.4%
...S10         1/ 29/ 1941   126          Reversed at 119.9 with B19 2/20/41
               Classic Head and shoulders breakdown.
...S12         1/ 5/ 1942    114.2   +6.5%
...S9          6/ 7/ 1943    141.8   2.4/141.8
...S1          1/ 14/ 1944   138.2        -0.9%
...S9          5/ 15/ 1945   164          -3.6% 
...S9          1/ 10/ 1946   199.2   +0.3% 
...S10         4/ 14/ 1947   166.70        -1.7% 
...S10         1/ 14/ 1948   177.4   3.7/177.4  Reversed at 173.7 on 3/22/1948 by B12 
no sells in 1949
...S9          4/ 14/ 1950   215.3        -0.7%
               DJI rallied to 228.40 on 6/12/50 and declined 
               to a low of 197.50 on 7/13/2009.
...S4          8/ 30/ 1951   269.9        -1.6%
...S1          1/ 28/ 1952   274.2        Reversed at 267.1 on 10/51/1952 by B2 
...S10         4/ 23/ 1953   270.7  +2.7%  Isolated S10
                                    This is not visually confirmed as a breakdown. 
no sells in 1954 
...S9          2/ 1/ 1955    409.7        -0.1% 
...S12         3/ 6/ 1956    491.4        -1.3%
...S9          7/ 8/ 1957    518.4  +10.3%
...S9...S12    1/ 7/ 1958    447.8       -2.4%
...S9          4/ 17/ 1959   624.1       -2.2%
...S9          1/ 5/ 1960    685.5  +9.8%
...S9          8/ 3/ 1961    715.7       Reversed at 539.2 on 6/22/1962 by B16
...S10         1/ 5/ 1962    714.8  +24.6%
...S10         7/ 1/ 1963    701.3         -3.1%
...S8          5/ 13/ 1965   938.9   +5.1%
               Note compact head and shoulders pattern.
...S4          1/ 10/ 1966   985.41  Reversed at 775.72 on 8/30/66 by B19
...S12         3/ 16/ 1967   868.49        -0.9%
...S12         1/ 9/ 1968    908.29   +7.8%
...S9          3/ 28/ 1969   935.48   Reversed at 769.93 on 12/17/69 by B13
...S12         1/ 2/ 1970    809.7    +5.6%
...S9          5/ 6/ 1971    937.39   +5.2%
               Note ensuing head and shoulders pattern.
...S4          3/ 9/ 1972    942.81   +3.3%
...S9          1/ 5/ 1973    1047.49   Reversed at 874.17 on 8/15/73 by B17
...S12         1/ 2/ 1974    855.32   +3.6%
...S8          7/ 1/ 1975    877.42   +3.5%
...S9          3/ 24/ 1976   1009.21  +4.2%
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...S8          12/ 27/ 1976  996.09   +6.2%
...S9          3/ 15/ 1977   965.01   +6.4%
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...S10         1/ 7/ 1978    793.49   +5.6%
...S4          8/ 23/ 1979   880.38   +9.5%
...S4          1/ 16/ 1980   865.19   +10.1%
...S9...S12    1/ 2/ 1981    972.78   +3.5%
...S9          4/ 1/ 1982    833.24   +6.7%
...S12         1/ 6/ 1983    1070.92  +3.8%
...S12         1/ 6/ 1984    1286.64  +12.5%
...S9          10/ 14/ 1985  1354.73        -6.3% Big loss (All-Time-High)
...S9          4/ 29/ 1986   1825.89  Reversed at 1826.07 on 7/9/86 by B9
...S9...S12    5/ 6/ 1987    2342.19  +5.2%
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...S9          12/ 28/ 1987  1942.97   +1.6%
...S1          2/ 26/ 1988   2023.21        -1.7%
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...S9          10/ 4/ 1989   2771.09  +4.8% 
...S4          1/ 3/ 1990    2809.73  +7.5%
no sell signals in 1991 
...S15         4/ 14/ 1992   3306.13   +1.6% 
no sell signals in 1993 
...S2          8/ 30/ 1994   3917.3   +3.1%
...S1          2/ 27/ 1996   5549.21  +1.1%
...S9          4/ 22/ 1997   6833.59       -4.9%      
...S12         7/ 7/ 1998    9085.04   +16.0%  
...S9          2/ 23/ 1999   9544.42       -11.6% Big Loss!
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...S9          12/ 28/ 1999  11476.71  +4.5%
...S4          1/ 11/ 2000   11511.08  +4.8%
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...S8          12/ 28/ 2000   10868.76  +12.5%      
...S12         4/ 10/ 2001   10102.74        -5.1% Big Loss
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...S9          2/ 26/ 2002   10115.26  Reversed at 8191.25 on 7/24/02 by B19
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...S12         1/ 6/ 2003    8773.57   +5.2% 
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...S15         2/ 11/ 2004   10737.7   +7.2%
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...S8          12/ 28/ 2004  10854.54   +5.9%
...S10         1/ 24/ 2005   10368.61  +1.4%
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...S9          5/ 5/ 2006    11577.74  +4.9%
...S9          1/ 5/ 2007    12398.01  +2.3%
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...S9          12/ 7/ 2007   13625.58  +3.4%
...S9          3/ 24/ 2008   12548.64  +9.3%
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...S5          2/ 17/ 2009   7552.6    +8.3% Use Extreme Bearish Mode