1984-1985

                In August of  1983 and again in May 1984, you can see how Buy B10s tell us the
         market was resuming its strong uptrend.   The nreakout above 1250 should be
         considered a judged B19.   Buy B4s which occurs at the upper band give us
         the same bullish message.  All   these signals were all in the original Peerless.
         When diagonal support develops so clearly as it did in the chart below, consider
         it the activity of systematic professional buyers.  Consider it accumulation.
         When the 65-day ma turns up and the key internal strength indicators are positive,
         it is a BUY.  See the red arrows below.  The move past 1300 takes the DJI into
         all-time high territory.  The hesitation there with so much accumulation should
         be seen as a fine chance to get safely aboard before the train leaves the
         station.

                         Date                              Discount Rate              
                         ---------------                    ----------------------
                         11/21/1984                                   8.5%   Mkt declines to lower band. 
                         12/24/1984                                   8.0%   Drop in rates in on-going bull market. Bullish.
                         5/24/1985                                    7.5%    Drop in rates in on-going bull market.  Bullish.