Fourth Sell Signal

The article says the fourth sell signal can help avoid deep drawdowns after a sharp reversal from an apparent bullish turn. The fourth sell signal appears after a typical buy signal when the market reverses downward and breaks below the lows of the earlier pullback. The fourth sell signal is triggered only when all three indexes break below their respective pullback lows on a confirmed basis. The fourth sell signal is an additional exit method used after a standard Dow Theory buy signal fails quickly and reverses. The fourth sell signal is intended to provide an early exit after a failed buy signal.