Supplemental Peerless Instructions     (C) William Schmidt, Ph.D.  (2007) Buy at Well-Tested Support on the fifth or sixth test provided there have not been 3 or more clusters of S9/S12 signals in previous 6 months.   Treat   improved readings from P-Indicator on test as bullish and  declining support as less reliable.  If the support fails, SELL!   8 Cases.  Here we omit instances where Peerless gave a major Buy signal at the lower band or at well-tested support.:

1. December 1982 - buy on fifth test.

2. August 1983 - buy on fifth test or quick recovery back above well-tested support.

3. January 1984 - It's risky to buy on fifth test if there have been 3 S9/S12 signals in last 6 months. 4.    May 1987 May 1987 - Buy in fifth test of support.  Notice improved readings from P-Indicator. 5.   October 1987 - Don't buy on fifth test of support if there have been 3 or more clusters of S9/S12 s.

6. June 1998 - Buying on fifth test if there have been 3 sets of S9/S12 signals in last 6 months is risky, though it works briefly here, if the goal is the upper band.

7. July 1998 - Buying on fifth test if there have been 3 sets of S9/S12 signals in last 6 months fails here.  Falling support lines are more likely to fail, too. .

8. July 2006 - Buying on the fifth and sixth test, June and July, of support works here. In June there was a NASDAQ Buy B8.  So that should have given one more confidence. In July the P-Indicator was almost positive on the test of support at the lower band. This was almost a Buy B9.