The most important PEERLESS sell signal is our "SELL S9"
Peerless Stock Market Timing
This occurs when the DJI reaches an "overbought" position near
the upper band with our proprietary internal strength indicators negative and weakening.
Below you can see how this juxtaposition of technical conditions prevailed
in early October 1987 just before the DJI suffered its most severe plunge since 1929. From
the pinpointed "S9" on October 5th, the DJI dropped more than 30%,
from 2640 to 1740. A fourth S9 in a year is very bearish.
Don't believe for a second that such stock market plunges cannot be predicted.
Using the PEERLESS system, which had been in place since 1981, our Nightly Hotline and bi-weekly market letter, Peerless Forecasts, in early October 1987 predicted there
would be "an avalanche of institutional sell orders". We did the same thing -
real time - in July 1990.
this icon to see real-time PEERLESS chart
of the 1987 DJI-Market Top:
Click this icon to see real-time PEERLESS
of the 1990 DJI-Market Top:
Excelled Real-Time after 1981.
Look at how the start of the great bull market 1982-1996 was signaled by a
series of major buy signals, B12's which are our most bullish and B9's which are our most
Click this icon to see PEERLESS chart
of the 1982 DJI-Market Bottom::
The major BUY and SELL Signals given by PEERLESS after 1981, have
been very reliable and very profitable.
Look at the way our BUY B12 started the 1982-1983 bull market. It was
given on 8/18/92 with the DJI at 829. The DJI then rose 48% in eleven months to 1230, when
on 7/27/83 the first major SELL S9 signal during this whole powerful advance was sounded.
Two more S9 signals took place in late 1983. The DJI then fell 15%, from
1270 to 1090. After that, the next major PEERLESS BUY signal, a B10, was produced on
August 2, 1984. Over the next 20 months, the DJI then rose 57% to 1826 before the next
major SELL S9 in mid-1986.
The Major Buy and Sell Signals
Excelled Real-Time in 1986-1987
On September 12, 1986, with the DJI at 1759, PEERLESS users were again
told by the appearance of a major PEERLESS BUY B9 signal that the bull market was about to
resume. The DJI then rose 34% more until there was another S9 signal on April 7, 1987 with
the DJI at 2363. This brought a quick decline to the lower band and was reversed by the
BUY B4 on 6/17/87. The DJI then gained another 10% with PEERLESS users correctly
long the market.
On October 2nd and October 5th with the DJI at 2640 PEERLESS gave its
fourth S9 signals of the year. This immediately led to the October '87 Crash. The DJI fell
in 3 weeks form 2640 to 1740. Smaller stocks fell a lot more than the 30% that the DJI
declined. (The 1987 chart was shown earlier.) With the DJI near 1900 in January 1988, a
series of emphatic BUY B9's told us to get back into the market. 1988 saw the DJI build
1989 produced a great bull market. The next major non-Presidential
Election Year SELL S9 signal was on October 10, 1989 with the DJI at 2785. By
then the DJI had risen 874 points and was vulnerable again. It next fell sharply below
2600. The next major non-Presidential Election Year SELL S9 signal was on
October 10, 1989 with the DJI at 2785. By then the DJI had risen 874 points and was
vulnerable again. It next fell sharply below 2600.
1989 Bull Market Ended with Another S9
That PEERLESS perfectly Call Real-Time