PEERLESS and DJIA HISTORY: 1915-2010

                                          by William Schmidt, Ph.D.   (C) 2009. 2010
                                                               www.tigersoft.com

                                                  Last Updated 6/16/2010
==================================================================================
                                        Still undone are the:
                                                                   Introduction.
                                                                   Key Indicators and Concepts
                                                                   Applications of Peerless

                                       The few signals that have not been documented will very soon.
                                       The track record of each back to 1928 will be shown, too.

Track Record of Major Buys
Buy B1
Buy B2 

Buy B4
Buy B5
Buy B6
Buy B7
Buy B8
Buy B9
Buy B10 - Price Breakouts above well-tested resistance.  To be documented.
  Buy B11 - A/D Line fails to confirm a new DJI low.
Not sufficiently reliable to use.  To be documented..
Buy B12
Buy B13 - Santa Claus Rally
                   To be documented.
Buy B14
Buy B15
Buy B16
Buy B17
Buy B18
Buy B19
Buy B20 - Buy at lower band in Presidential Election
Year.  Generally reliable.  To be documented.

 

 

 


Track Record of Major Sells


Sell S1
Sell S2  Sell at upper band in Presidential Election  
Year.  To be documented.

Sell S4

Sell S6
Sell S7   (work in progress)
Sell S8
Sell S9    Sell S9/S12 Combinations.
Head and Shoulders S10           Sell S10

Sell S12    Sell S9/S12 Combinations.

 

 

 

 

 

 

 

        1/18/2010
   NYSE A/D Line Behavior in Bull Market following Bear Markets     
                           1915-1929: Charts Using Daily Closing Prices and Daily Volume

                           Extreme Bearish Market Mode Signals
                           New Buy B13 - Santa Claus rally Buy, as discussed on Hotline
       
1/14/2009    List of All Signals - Verified 1929-2010

                                    I am checking the list of signals carefully and where a change of programming
                                    is needed, I am making it.  The most important changes are:
                                         1) Addition of qualified B13-Santa Claus Buys,
                                         2) Making Sell S9s and S12s be nullified in the aftermath of a Buy B12/Buy B13
                                             take-off, as in 1932 and 1933
                                        3)   Additional remarks about whent to Switch to Extreme Bearish Mode:
                                                  1929, 1937 - When DJI falls more than 20% in under 2 months.
                                         4) Switch  also to normal Peerless mode after Buy B8 in Extreme Bearish Mode
                                                  as well as when DJI recovers back above the 40% down level in 10 months.
                                                  1932, 1932-33    High volume take-off confirms this signal.
                                             Buy B8 - DJI closes between 3.5% and 4% lower band
                                             IP21>+.032 and OPMA>+.054   DJI closes more than 8% below its ma with
                                             an OPCT>0 and an annualized ROC above -.20 but below -1.1 

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      12/13/2009

       Again, thanks to each of you for your purchase and confidence in the value of my work.

       There is more to do.  But each of the years and half-years from 1928 to 2009 are shown with
       technical comments.  In many cases, especially more recently, I have added other factors that impacted the
       DJI and market fluctuations for that year. The role of the FED is very important. The data for the period
       1915-1928 does not have that daily highs and lows, advances and decliens, and up stocks' volume
        and down stocks' volume.  But we produce that charrts this comiong week.  You should also understand
        that the data for the Up Stocks' volume and Down Stocks' volume on the NYSE started in late 1965.
        So we have simply apportioned total volume by the ratio of advances to declines for the period 1928-1965.
        Since our major indicators do not use this, it should not matter. 

                   DJI HISTORY,  PEERLESS SIGNALS,
                                         ANNOTATED CHARTS, COMMENTS:
1915 - 2009
                 ==========================================================
     Part I 1915-1928:  1915-1929: Charts Using Daily Closing Prices and Daily Volume

     Part II 1928-1965:

                        
       1928-1929 Presidential Election Year's Victors' Celebration
                          Race to The September 1929 Top.  It Was Not Exceeded until January 1954
      
       Dow Industrials: 1929-1933 Bear Market 
       1929  Top and Crash
       1929-1930  48% Recovery and Collapse
       1930  Dangerous Weakness.  A Good Place To Learn The Correct Peerless Rules.
       1930-1931  Bear Market
       1931  Bear Market
       1931-1932 Bear Market
       1932  First Bottom and DJI Rallies 100% - - Presidential Election Year  B8 Take-Off
      

       Dow Industrials: 1933-1937 Bull Market 
       1932-1933 Retest of Lows and FDR Innaugurated
       1933  Second Bottom and Start of A Bull Market   B8 Take-Off
       1933-1934 Bull Market Starts
       1934  Bull Market  
       1934-1935 Bull Market 
       1935  Big Bull Market Advance
       1935-1936 Bull Market
       1936  Bull Market - Presidential Election Year
       1936-1937 Bull Market Ends and First Top

       Dow Industrials: 1937-1938 Bear Market 
       1937  Second Top and Bear Market
       1937-1938 Bear Market and Bottom

       Dow Industrials: 1938-1939 Bull Market 
        1938 Bull Market  
        1938-1939 Bull Market

       Dow Industrials: 1939-1942 Bear Market 

Dow Industrials: 1939-1942 Bear Market
wpe18B.jpg (37881 bytes)
red line 50 DMA; green line 200 DMA
See http://www.fiendbear.com/bear1939.htm

1939 - Top
        1939-1940 Second Top
        1940 Bear Market - Presidential Election Year Moderates Decline
        1940-1941 Bear Market
        1941 Bear Market - Pearl Harbor and Start of World War II
        1941-1942 Bear Market and V-Bottom

Dow Industrials: 1942-1946 Bull Market         

1942 - Battle of Midway and Bull Market
        1942-1943   - Bull Market
        1943 -  Bull Market
        1943-1944 -   Bull Market
        1944 -  Bull Market
        1944-1945 Bull Market
        1945 - Bull Market
        1945-1946 Bull Market and Top

Dow Industrials: 1946-1949 Bear Market and Failed Rallies

        1946 - Top and Bear Market - Perfect Head and Shoulders Top
        1946-1947 Attempted Bottom
        1947    Weakness
        1947-1948   Attempted Bottom
        1948    Presidential Election Year's Flat Trading Range
        1948-1949 Bear Market and Retest of Lows

Dow Industrials: 1949-1952 Bull Market        
        1949 - V-Bottom and Recovery
        1949-1950   Bull Market - Korean War Starts
        1950 - Bull Market 
        1950-1951 Bull Market
        1951 - Bull Market
        1951-1952   - Bull Market
        1952 - Presidential Election Year's Flat Trading Range

  Dow Industrials: 1953 Bear Market          
        1952-1953 - Post Election Victors' Rally, Top and Decline
        1953 - Shallow Bear Market and Bottom

Dow Industrials: 1953-1957Bull Market        
1953-1954 Bottom and New Bull Market
        1954 - Big Bull Market Advance
        1954-1955 -   Big Bull Market Advance
        1955 - Bull Market 
        1955-1956 - Bull Market
        1956 - Presidential Election Year's Flat Trading Range
        1956-1957 - Post Election Victors' Rally

      Dow Industrials: 1957 Bear Market            
1957 - Top and Bear Market

                   Dow Industrials: 1957-1959 Bull Market              
1957-1958 Bear Market and Bottom
      1958 - Big Bull Market       
1958-1959 - Big Bull Market 
1959 - First Top

Dow Industrials: 1960 Bear Market 
1959-1960   Top and Bear Market 
        1960- Bear Market in A Presidential Election Year 

Dow Industrials: 1960-1962 Bull Market  
        1960-1961 - Bottom and Bull Market
        1961 - Bull Market        
        1961-1962 Top - Perfect Head and Shoulders Pattern

                Dow Industrials: 1962 Bear Market         
1962 - Bear Market - Cuban Missle Crisis

Dow Industrials: 1962-1966 Bull Market  
        1962-1963 Bottom and Start of New Bull Market
        1963- Bull Market - JFK Assassination
        1963-1964 Bull Market
        1964 - Bull Market and Presidential Election Year
        1964-1965 - Bull Market
        1965 - Bull Market
                                    
    1965-2009
Here we have accurate NYSE up and Down volume.
Previous to 1965, it had to be estimated using 
the ratio of advances to decline and total NYSE volume.

          Dow Industrials: 1966 Bear Market         
 1966  Bear Market

 Dow Industrials: 1966-1968 Bull Market 
1966-1967 
1967  
1967-1968
1968

        Dow Industrials: 1969-1970 Bear Market 
 1968-1969 
1969
                 1969-1970                 
    1970   

                  Dow Industrials: 1970-1972 Bull Market        
          1970-1971          
1971
    1971-1972    
  1972 
 
  Dow Industrials: 1973-1974 Bear Market  
 See - http://www.fiendbear.com/bear1973.htm 
wpe18C.jpg (38847 bytes) 
    1972-1973    
1973
 1973-1974  
 1974  

                                                        Dow Industrials: 1974-1976 Bull Market                       
1974-1975
        1975      
                                         1975-1976                                         
 1976

Dow Industrials: 1977-1978   Bear Market  
 1976-1977 
1977
1977-1978

Dow Industrials: 1978-1980 Bull Markets and Mini-Crashes  
              1978               
 1978-1979
                                                      1979                                                       
  1979-1980  
1980

Dow Industrials: 1981-1982  Bear Market 
1980-1981
1981
 1981-1982
1982

Dow Industrials: 1982-1987 Bull Market 
1982-1983 
1983 
                 1983-1984                   
1984
1984-1985
1985
1985-1986 
1986
1986-1987
1987

Dow Industrials: 1987  Bear Market 
1987-1988

Dow Industrials: 1988 - 1990 Bull Market 
1988
1988-1989 
    1989    
 1989-1990

Dow Industrials: 1990 Bear Market  
1990
1990-1991

Dow Industrials: 1991 - 1994 Bull Market
                                                                    1991                                                            1991-1992
    1991-1992    
1992
 1992-1993
                     1993                      
1993-1994 

Dow Industrials: 1994 Bear Market  
    1994  

                           Dow Industrials: 1994 - 1998 Bull Market                        
1994-1995
1995
1995-1996
1966
1996-1997
        1997        
1997-1998

Dow Industrials: 1998 Bear Market 
1998

Dow Industrials: 1998 - 2000 Bull Market   
   1998-1999  
  1999  
  1999-2000 

Dow Industrials: 2000-2003 Bear Market 
2000
    2000-2001   
 2001
 2001-2002
                                2002                                
2002-2003

Dow Industrials: 2003 - 2007 Bull Market 
                       2003                       
  2003-2004   
2004
2004-2005
2005
  2005-2006   
 2006 
2006-2007 
2007

Dow Industrials: 2007-2009 Bear Market 
  2007-2008   
  2008  
2008-2009 

Dow Industrials: 2009 - 2010 Bull Market 
       

       There is a lot to learn from going through the years, one by one.  So, this should be of considerable help.
       Each chart has comments on it.  These comments will be taken and indexed so that they can be looked up.
       The basic concepts in these chart notes will also be written up in separate chapers..

       I want to show how someone without Peerles could also use many of the basic concepts.  These
       include price charts, seasonality, Fed actions, the direction of the 65-day ma (a quarter's trading) AND
       most important, the NYSE A/D Line.

        But we want to do much more.  The next task will be to provide a list of all the automatic 
        signals and the results by each signal.   Most of the signals have been described and the trading 
        results of each signal given, but they all need to be done and each of the signals must be checked out 
        against the master list of signals, which will be posted here by next weekend.  For now, see the 
        write-up of the signals below.

Track Record of Major Buys
Buy B1
Buy B2 

Buy B4
Buy B5
Buy B6
Buy B7
Buy B8
Buy B9
  Buy B10 - Price Breakouts above well-tested resistance.  To be documented.
  Buy B11 - A/D Line fails to confirm a new DJI low.
Not sufficiently reliable to use.  To be documented..
Buy B12
Buy B13 - Santa Claus Rally
                   To be documented.
Buy B14
Buy B15
Buy B16
Buy B17
Buy B18
Buy B19
Buy B20 - Buy at lower band in Presidential Election
Year.  Generally reliable.  To be documented.
Track Record Major  Sells

Sell S1
Sell S2  Sell at upper band in Presidential Election Year.  To be documented.

Sell S4

Sell S6
Sell S7    To be documented.
Sell S8    To be documented.
Sell S9
Head and Shoulders S10           Sell S10

Sell S12

 
                     
                                        
                                                 
                 

===================================================================================

        Bear Markets of the Past 100 Years

Beginning Date       Ending Date       Dow Industrials      Loss
--------------      -------------    ------------------     ----
Sep.  5, 1899       Sep. 24, 1900      77.61 to   52.96     -32%
Jun. 12, 1901       Nov.  9, 1903      78.26 to   42.15     -46%
Jan. 19, 1906       Nov. 15, 1907     103.00 to   53.00     -49%
Nov. 19, 1909       Sep. 25, 1911     100.53 to   72.94     -27%
Sep. 30, 1912       Jul. 30, 1914      94.15 to   71.42     -24%
Nov. 21, 1916       Dec. 19, 1917     110.15 to   65.95     -40%
Nov.  3, 1919       Aug. 24, 1921     119.62 to   63.90     -47%
Sep.  3, 1929       Jul.  8, 1932     381.17 to   41.22     -89%
Mar. 10, 1937       Mar. 31, 1938     194.40 to   98.95     -49%
Nov. 12, 1938       Apr.  8, 1939     158.41 to  121.44     -23%
Sep. 12, 1939       Apr. 28, 1942     155.92 to   92.92     -40%
May. 29, 1946       Jun. 13, 1949     212.50 to  161.60     -24%
Apr.  6, 1956       Oct. 22, 1957     521.05 to  419.79     -19%
Jan.  5, 1960       Oct. 25, 1960     685.47 to  566.05     -17%
Dec. 13, 1961       Jun. 26, 1962     734.91 to  535.76     -27%
Feb.  9, 1966       Oct.  7, 1966     995.15 to  744.32     -25%
Dec.  3, 1968       May. 26, 1970     985.21 to  631.16     -36%
Jan. 11, 1973       Dec.  6, 1974    1051.70 to  577.60     -45%
Sep. 21, 1976       Feb. 28, 1978    1014.79 to  742.12     -27%
Apr. 27, 1981       Aug. 12, 1982    1024.05 to  776.92     -24%
Aug. 25, 1987       Oct. 19, 1987    2722.42 to 1738.74     -36%
Jul. 16, 1990       Oct. 11, 1990    2999.75 to 2365.10     -21%
   (Source: http://www.fiendbear.com/bearenc1.htm )