DJIA 1932-1933

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                                                                           Positive OPCT's 21-day ma confirms move past 65 dma.

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                            BEARISH MODE SIGNALS ON DJIA: 1932-1933

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                           NORMAL PEERLESS MODE SIGNALS ON DJIA: 1932-1933

        With the DJIA down much more than 40% from its highs, we would not
         use the nrmal mode unless the DJIA is above its rising 65-day ma.


N3233.BMP (1116054 bytes)