1950

    1950 started off nicely enough until a head and shoulders top developed
in May and June 1950.  The neckline was broken at 220 as North Korea invaded
South Korea, thereby starting the bloody Koran War.  The DJI had broken
above the 200 barrier, created by a peaks there in 1936 and 1946.  Note that
the 185-190 resistance had been tested on five different times in the three
previous years.  This set up a base for a bigger and more lasting breakout
past 200.  The move took place with the NYSE A/D Line confirming the move
until three unconfirmed high, in March, April and June.   Only after the third
unconfirmed high was followed by a decline of 10%.

     The June 25th invasion of South Korea took the West and the stock market
by surprise.  But after a quick 13.5% sell-off, rhe DJI formed an unmistakeable
inverted head and shoulders bottom.

1950     DJIA AND NYSE A/D LINE AND ITS TREND CHANGE BUYS AND SELLS
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1950  PEERLESS DJI, REGULAR BUYS, SELLS AND INTERNAL STRENGTH INDICATORS
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1950  PEERLESS DJI, EXTREME BEARISH BUYS, SELLS AND INTERNAL STRENGTH INDICATORS

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