The July 2007 Sell signal was very easy to spot because of the Peerless Sell S9.
On 7/17/09 the DJI closed 2.8% above the 21-day ma with the Accumution Index at
-.003 and the P-Indicator at +88. This was a very marginal Sell. But by 7/20/2009 the
internals had deteriorated to a -.04 and -46, respectively with the DJI 1.6% over the
21-day ma. As often happens, there are a few days where the market hangs in the
air like a ball waiting to start falling. Several days of Sell Signals with deteriorating
internals is clearly bearish. It gives a trader a little more time to plan his or her next
moves.
The Sells were quickly very profitable. Finding the weakest stocks at this moment
pointed us to the home mortgage stocks, most of whom were about to drop dramatically
or go bankrupt. You can see how I advised using it from Blogs I wrote back then.
July 25, 2007 The Curse of Cassandra: With Peerless You Will See The Future, but Your Friends
Will Not Believe You.
August 2, 2007 A Look at Biggest Losers since major Peerless Sell S9/S12 on 7/17/2007
August 5, 2007 Don't Be A Deer in The Head Lights.
Look at How Many Valid Predictions Our Peerless System Has Made.
November 22, 2007 World Bull Market Is Ending according to Numerous Head and Shoulders' Top Patterns
