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Stall days
          1990 Dow Jones Industrials Market Top  2  Stall dayssdays  3 4  Index
                                               Stall
                                                                       Scale
                                                       5
                                            1                          3000
                                                                       2900
                                                                       2800
                                                                       2700

                                                                       2600
                                                                       2500
                                              Stall
                                              Stall daysdaysll
                                              St
           Daily Chart                        Stall daysda
                                             2    3 4  5
                                                                     Volume (00)
          NYSE Volume                       1                         2,360,000
                                                                      1,770,000 © 2009 Investor’s Business Daily, Inc.
                                                                      1,180,000
                                                                       590,000
               May 1990       June 1990     July 1990     August 1990
          1994 Dow Jones Industrials Market Top  1  2                  Index
                                                                       Scale
                                                     3                 4000
                                                      4
                                                                       3900
                                                                       3800
                                                                       3700
                                                                       3600
                                                                       3500
           Daily Chart                  1      2   3  4
          NYSE Volume                                                Volume (00)
                                                                      3,720,000
                                                                      2,790,000 © 2009 Investor’s Business Daily, Inc.
                                                                      1,860,000
                                                                       930,000
            December 1993  January 1994  February 1994  March 1994

          1998 S & P 500 Market Top                                    Index
                                                                       Scale
                                                 3     4
                                               2                       1200
                                            1            5
                                                                       1150

                                                                       1100

                                                                       1050
           Daily Chart                         2 3    4  5
                                             1
          NYSE Volume                                                 Volume (00)
                                                                      7,200,000
                                                                      5,400,000 © 2009 Investor’s Business Daily, Inc.
                                                                      3,600,000
                                                                      1,800,000
                 May 1998      June 1998     July 1998      August 1998


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