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Dow Jones Industrial Average History

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The Indicant account balance at bear signal #01on May 6, 1966 was at $2,428,463. The Indicant's performance advantage was 1,694.4% over buy and hold.

You may ask, why no bear signal occurred before that. The answer is rules. The signal had to wait for the Dow to fall below Red and Green. The drop was sudden and significant. However, most of you would accept 46.5% gain in that cycle.

You should notice the difference between bear signal #01 and bull signal #02. That provided a significant advantage to the Indicant over buy and hold, since buy and holders had to hold through that year long bear cycle..

Consequently, bear signal #03 on Nov 3, 1967 resulted in an Indicant  performance advantage of 1,839.9%.

 

Three of President Johnson's years were bullish. The post election year of 1965 was uncharacteristically bullish.

Following 1965's post election year, the balance of the years in this presidential election cycle were congruent with historical standards. The mid-term election year was classical, as the stock market found a classical cyclical bottom in 1966. Bull signal #02 was triggered a few month's later when the Dow crossed above the NTI Blue with supporting Force Vector configurations. Some may ask why bull signal #02 could have been triggered earlier. Again, rules must be followed. The Dow had to cross above the short-term blue curve before garnishing a bull signal. As you can see, the short-term blue curve disallowed that for several weeks, as the Dow crossed above and below the Mid-term Yellow Curve.

The secular bull market of sixteen years perished on "hear they come again" political rhetoric. LBJ's Great Society program was now in the making. Academic credentialism and socialistic causes stimulated an extended bear market for several years following the peak in 1965. The stock market is asking, "where is the production?" Who is going support all these planned non-producers of goods and services. The stock market is asking will these beneficiaries of the Great Society be allowed to breed yet more non-producers of goods and services. Remember, politicians only talk to the weak for they, for the most part, have plenty of time to listen to them.

The stock market seemed to enjoy the creation of VCR's; not because of brain killing TV watching, but because many people would want them and that is production. The stock market likes positive economic activity. You will later see, it took several more years before the stock market returned to its 1966 peak.

As you can see, the stock market showed little response to the assassinations of Dr. Martin Luther King and Robert F. Kennedy.

 

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