1989
Many of our Peerless users were waiting for a new Sell S9 to buy
puts and go short
after a big advance. The October 1989 Sell S9 worked
well. But the DJI quickly righted
itself after falling to an intra-day low 10% below the highest
closing price.
Notice how the DJI stop and
pauses for several days at the upper band before
reversing and falling swiftly. Go back to the Octiber 1987
top. You will this "pregnant pause"
in July 1990 and July 2007, to name a few similar cases.
