Dear Mr. Clown
It's been a while I posted something on this board. It's very interesting to wite down your thoughts about possible future directions of the several indexes, it is even more interesting to read it. Reading your post on IEX fired up my curiosity concerning Gann, EW and other techniques in technical analysis.
I read your outlook for the coming 12 months, I 'm very impressed, not that I did not expect an ill-based article.
I also read that you had problems filtering the real turning points from the false onces using a range rule. I am far from being an expert but I maybe found something that could help you in your quest.
Maybe you already heard about a dutch man Jan Schotsman. He is well aquainted by the techniques used by Gann, Elliot, Bradley, Murray, C. Brown and many others.
Maybe you already knew this, in that case you can disregard this post.
He wrote on a financial chat (The Bosdinges one) that the RSI can sometimes play tricks on us and generate a dummy signal.
http://www.bullnochbear.com/phpBB2/viewtopic.php?t=99
In the above link, he shows a misleading signal generated by the RSI(14), another indicator(stochastic) in addtion to the RSI(14) on te other hand shows the correct information.
http://www.jstas.com/Dow/dow_jones.htm
This article gives some insight into de cycles generated on the DOW
Dominique