I came across this Monthly DJIA set-up tonight, thought I'd post it to make a couple points. First, the Monthly Trend Models work too, but the slippage is a killer. That's about 1,000 DJIA points lower before a Sell is triggered, not exactly a comfortable "hold" while being true to the Long Signal of June, 2009.
Second,
Advanced GET is contributing it's own "Mechanical Sell Signal" set up. The indicators at the bottom of chart have reached levels where both will confirm a Sell Signal as soon as prices turn down enough to break a trend line.
Monthly DJIA
For that trend line break, I'm presenting the DJIA Weekly chart below, using the double bottom last March to initiate the trend line which coincidentally just happens to touch the bottoms of the two weekly lows of the early February, 2010.
Weekly DJIA
Just to confuse matters a little more, if the DJIA closes above 10,467.10 tomorrow, its Weekly Trend Model will reverse from it current Short to Long.
Damn, who makes up this stuff?
My guess:
