X Score

The Market Gauge is a relative score, a sort of snapshot which tells us the current state of the market relative to where it’s been historically. While a Gauge of 20 or below is a Buy Signal, a Gauge of 90 and above is a Sell Signal and typically marks the end of a strong Bull market. Daily Gauge vs. Market Gauge: As a general rule, all corrections start with the Daily Gauge falling below 20 (indicated in bold font). This is also a recommended entry point for all new positions. However, because the Daily Gauge can be erratic on a day to day basis, a moving average is calculated to smooth out the data. We refer to this as the Market Gauge. Notice how each market sell off has started with the Daily Gauge first falling to the 20 buy level. It then takes a few days or weeks for the Market Gauge to "catch up" with the Daily Gauge. A movement of the Market Gauge to 20 or below is indicted in the table by yellow shading.

Notice the consistent accuracy of the Market Gauge, and pay specific attention to the precise buy zones in yellow, and small drawdowns. Also notice the extreme heights of the Market Gauge in 1987 and 1999, and the corresponding Sell Signals (90 and above, indicated with red shading), which lead to major market reversals. See also the 1990 Recession buy Signal. We challenge you to find a more accurate market timing signal.

Buy: Gauge 20-0

Final Low [Average Entry Point] Drawdown%

Sell: Gauge 90 plus.

Date	Low	Daily Gauge	Market Gauge
12/29/2006	12453.3	36	35
12/28/2006	12478.7	38	35
12/27/2006	12407.6	38	34
12/26/2006	12334.5	35	34
12/22/2006	12341.8	34	34
12/21/2006	12397.0	36	34
12/20/2006	12457.5	37	34
12/19/2006	12398.2	38	34
12/18/2006	12429.2	37	34
12/15/2006	12416.8	37	34
12/14/2006	12310.3	36	33
12/13/2006	12301.8	33	33
12/12/2006	12253.6	33	33
12/11/2006	12297.5	34	33
12/08/2006	12243.3	34	33
12/07/2006	12264.6	33	33
12/06/2006	12295.1	34	33
12/05/2006	12276.7	35	33
12/04/2006	12194.1	33	33
12/01/2006	12090.8	31	33
11/30/2006	12162.6	32	33
11/29/2006	12132.6	32	33
11/28/2006	12073.4	29	33
11/27/2006	12111.1	29	34
11/24/2006	12251.2	34	34
11/22/2006	12302.9	35	35
11/21/2006	12296.9	35	35
11/20/2006	12302.8	35	35
11/17/2006	12278.2	36	36
11/16/2006	12249.9	35	36
11/15/2006	12209.5	34	36
11/14/2006	12085.8	33	36
11/13/2006	12084.9	31	37
11/10/2006	12074.2	31	37
11/09/2006	12090.2	33	37
11/08/2006	12103.9	35	38
11/07/2006	12101.3	35	38
11/06/2006	11985.3	33	38
11/03/2006	11965.5	31	38
11/02/2006	11979.3	32	39
11/01/2006	12008.4	34	39
10/31/2006	12025.6	36	39
10/30/2006	12050.2	36	39
10/27/2006	12073.9	39	39
10/26/2006	12096.3	42	39
10/25/2006	12082.6	41	38
10/24/2006	12079.7	41	38
10/23/2006	11975.0	42	38
10/20/2006	11942.0	39	37
10/19/2006	11967.5	40	37
10/18/2006	11947.5	39	36
10/17/2006	11887.7	38	36
10/16/2006	11945.7	40	36
10/13/2006	11909.0	39	35
10/12/2006	11852.1	40	35
10/11/2006	11795.1	37	35
10/10/2006	11830.2	38	34
10/09/2006	11813.4	38	34
10/06/2006	11801.5	38	33
10/05/2006	11821.5	39	33
10/04/2006	11707.7	39	32
10/03/2006	11653.3	35	32
10/02/2006	11659.4	34	32
09/29/2006	11677.8	34	32
09/28/2006	11660.7	36	31
09/27/2006	11659.9	35	31
09/26/2006	11568.0	35	31
09/25/2006	11486.0	32	30
09/22/2006	11474.8	30	30
09/21/2006	11502.2	31	30
09/20/2006	11540.9	34	30
09/19/2006	11480.8	32	30
09/18/2006	11528.4	32	29
09/15/2006	11527.4	32	29
09/14/2006	11495.8	32	29
09/13/2006	11476.5	32	29
09/12/2006	11396.8	31	29
09/11/2006	11342.2	28	28
09/08/2006	11331.4	28	28
09/07/2006	11324.0	27	28
09/06/2006	11395.1	29	28
09/05/2006	11439.3	31	27
09/01/2006	11381.1	31	27
08/31/2006	11370.1	29	27
08/30/2006	11356.2	29	27
08/29/2006	11299.8	29	27
08/28/2006	11269.5	28	27
08/25/2006	11261.0	26	27
08/24/2006	11274.0	27	27
08/23/2006	11264.3	27	26
08/22/2006	11303.6	29	26
08/21/2006	11322.3	29	26
08/18/2006	11318.1	31	25
08/17/2006	11298.5	29	25
08/16/2006	11224.9	29	24
08/15/2006	11097.9	27	24
08/14/2006	11080.4	23	23
08/11/2006	11042.9	23	22
08/10/2006	11045.8	24	22
08/09/2006	11069.0	23	22
08/08/2006	11142.4	26	22
08/07/2006	11190.9	27	22
08/04/2006	11187.5	28	22
08/03/2006	11144.5	28	22
08/02/2006	11124.5	27	22
08/01/2006	11084.0	24	22
07/31/2006	11179.8	26	22
07/28/2006	11100.4	27	22
07/27/2006	11087.9	24	21
07/26/2006	11049.2	24	21
07/25/2006	11000.0	24	21
07/24/2006	10868.4	22	21
07/21/2006	10839.2	16	21
07/20/2006	10925.1	18	21
07/19/2006	10796.7	21	21
07/18/2006	10683.7	14	21
07/17/2006	10715.2	12	21
07/14/2006	10701.6	11	22
07/13/2006	10833.8	15	22
07/12/2006	10996.4	21	22
07/11/2006	11028.2	25	21
07/10/2006	11090.1	24	21
07/07/2006	11066.4	24	20
07/06/2006	11145.8	28	20
07/05/2006	11123.7	26	19
07/03/2006	11147.5	29	19
06/30/2006	11150.1	26	19
06/29/2006	10973.6	27	19
06/28/2006	10902.6	20	18
06/27/2006	10920.8	18	18
06/26/2006	10973.7	22	18
06/23/2006	10973.5	20	18
06/22/2006	10986.7	21	18
06/21/2006	10972.0	23	18
06/20/2006	10938.7	19	18
06/19/2006	10907.4	18	18
06/16/2006	10984.3	20	18
06/15/2006	10816.9	20	18
06/14/2006	10699.2 [10,833] 1.24 %	13	18
06/13/2006	10701.1	9	19
06/12/2006	10790.5	12	20
06/09/2006	10872.2	14	21
06/08/2006	10758.2	15	22
06/07/2006	10928.7	15	23
06/06/2006	10926.7	16	24
06/05/2006	11040.6	18	25
06/02/2006	11191.7	24	26
06/01/2006	11150.6	24	26
05/31/2006	11086.3	21	27
05/30/2006	11094.4	18	27
05/26/2006	11211.0	24	28
05/25/2006	11114.3	22	28
05/24/2006	11031.0	19	28
05/23/2006	11097.5	18	29
05/22/2006	11040.2	19	29
05/19/2006	11076.2	19	30
05/18/2006	11127.6	18	31
05/17/2006	11174.4	21	31
05/16/2006	11392.9	28	32
05/15/2006	11333.6	29	31
05/12/2006	11375.2	29	31
05/11/2006	11480.1	33	31
05/10/2006	11596.5	37	30
05/09/2006	11572.8	38	30
05/08/2006	11565.0	36	29
05/05/2006	11438.9	36	29
05/04/2006	11400.3	32	28
05/03/2006	11362.6	31	28
05/02/2006	11343.3	32	28
05/01/2006	11330.5	30	28
04/28/2006	11347.5	31	27
04/27/2006	11275.5	32	27
04/26/2006	11283.0	31	27
04/25/2006	11261.9	29	27
04/24/2006	11306.0	30	27
04/21/2006	11317.0	31	27
04/20/2006	11277.6	31	27
04/19/2006	11237.0	30	27
04/18/2006	11073.8	29	27
04/17/2006	11039.3	23	27
04/13/2006	11106.0	25	28
04/12/2006	11089.1	24	28
04/11/2006	11054.0	23	28
04/10/2006	11117.5	25	28
04/07/2006	11108.8	24	28
04/06/2006	11167.6	27	28
04/05/2006	11169.4	28	28
04/04/2006	11124.0	27	28
04/03/2006	11109.3	26	27
03/31/2006	11106.3	25	27
03/30/2006	11118.1	26	27
03/29/2006	11154.5	28	27
03/28/2006	11145.4	26	27
03/27/2006	11230.2	30	27
03/24/2006	11244.8	31	27
03/23/2006	11237.6	31	27
03/22/2006	11226.6	32	27
03/21/2006	11221.7	30	27
03/20/2006	11260.3	31	27
03/17/2006	11253.2	31	27
03/16/2006	11209.8	31	26
03/15/2006	11139.1	29	26
03/14/2006	11050.6	28	26
03/13/2006	11056.5	25	26
03/10/2006	10972.3	26	25
03/09/2006	10964.1	22	25
03/08/2006	10922.9	24	25
03/07/2006	10929.0	23	25
03/06/2006	10929.5	22	25
03/03/2006	10985.4	24	25
03/02/2006	10986.4	25	25
03/01/2006	10993.4	26	24
02/28/2006	10979.2	24	24
02/27/2006	11061.9	27	24
02/24/2006	11010.5	26	24
02/23/2006	11053.0	27	23
02/22/2006	11064.2	29	23
02/21/2006	11051.4	28	22
02/17/2006	11078.0	29	21
02/16/2006	11046.6	30	21
02/15/2006	10990.0	28	21
02/14/2006	10892.3	27	20
02/13/2006	10851.0	23	20
02/10/2006	10820.2	23	20
02/09/2006	10856.7	22	20
02/08/2006	10749.5	21	21
02/07/2006	10737.9	17	21
02/06/2006	10771.6	19	21
02/03/2006	10779.5	19	21
02/02/2006	10827.3	21	22
02/01/2006	10858.9	24	22
01/31/2006	10862.4	21	21
01/30/2006	10887.7	22	21
01/27/2006	10805.1	23	21
01/26/2006	10709.7	20	21
01/25/2006	10673.4	16	21
01/24/2006	10688.8	16	21
01/23/2006	10666.4	15	21
01/20/2006	10661.6	14	22
01/19/2006	10852.4	21	22
01/18/2006	10817.6	21	22
01/17/2006	10876.1	22	22
01/13/2006	10921.7	24	22
01/12/2006	10951.5	24	22
01/11/2006	10992.3	27	22
01/10/2006	10950.4	26	21
01/09/2006	10947.0	26	21
01/06/2006	10878.5	25	21
01/05/2006	10843.8	22	21
01/04/2006	10834.3	22	21
01/03/2006	10684.8	21	21
12/30/2005	10709.6	17	21
12/29/2005	10779.6	19	21
12/28/2005	10777.8	19	21
12/27/2005	10776.7	19	22
12/23/2005	10870.0	22	22
12/22/2005	10831.6	22	22
12/21/2005	10805.5	20	23
12/20/2005	10790.3	19	23
12/19/2005	10826.0	20	23
12/16/2005	10869.5	22	23
12/15/2005	10865.9	22	23
12/14/2005	10822.2	22	23
12/13/2005	10751.8	21	23
12/12/2005	10735.8	19	23
12/09/2005	10730.2	19	23
12/08/2005	10730.2	19	23
12/07/2005	10764.0	21	23
12/06/2005	10835.0	22	23
12/05/2005	10811.2	22	23
12/02/2005	10861.8	24	23
12/01/2005	10805.9	25	23
11/30/2005	10804.0	22	22
11/29/2005	10888.1	25	22
11/28/2005	10882.5	26	21
11/25/2005	10915.1	28	21
11/23/2005	10855.4	27	20
11/22/2005	10787.3	26	19
11/21/2005	10761.2	25	19
11/18/2005	10697.6	24	19
11/17/2005	10665.8	23	18
11/16/2005	10653.1	21	18
11/15/2005	10664.6	22	18
11/14/2005	10674.7	23	17
11/11/2005	10637.9	23	17
11/10/2005	10519.7	22	17
11/09/2005	10519.6	19	16
11/08/2005	10525.1	19	16
11/07/2005	10520.6	21	15
11/04/2005	10479.7	19	15
11/03/2005	10472.7	19	15
11/02/2005	10389.4	17	15
11/01/2005	10406.8	15	15
10/31/2005	10402.8	16	15
10/28/2005	10230.0	15	15
10/27/2005	10230.0	9	16
10/26/2005	10337.0	15	16
10/25/2005	10317.7	18	16
10/24/2005	10215.2	19	16
10/21/2005	10193.9	13	16
10/20/2005	10252.7	15	16
10/19/2005	10233.6	20	16
10/18/2005	10285.3	15	16
10/17/2005	10270.7	17	17
10/14/2005	10200.9	15	17
10/13/2005	10156.8 [10,307] 1.46 %	12	17
10/12/2005	10186.2	12	18
10/11/2005	10234.4	13	18
10/10/2005	10238.7	12	19
10/07/2005	10281.0	13	20
10/06/2005	10218.3	13	20
10/05/2005	10316.2	14	21
10/04/2005	10435.4	18	21
10/03/2005	10524.3	21	21
09/30/2005	10526.3	22	21
09/29/2005	10418.1	22	21
09/28/2005	10424.4	19	21
09/27/2005	10416.0	19	21
09/26/2005	10410.3	18	20
09/23/2005	10372.5	17	20
09/22/2005	10351.2	17	20
09/21/2005	10375.4	16	20
09/20/2005	10467.4	19	21
09/19/2005	10521.3	22	21
09/16/2005	10558.8	25	21
09/15/2005	10521.2	22	21
09/14/2005	10536.9	22	20
09/13/2005	10595.7	23	20
09/12/2005	10664.1	26	20
09/09/2005	10594.4	26	20
09/08/2005	10569.8	23	20
09/07/2005	10574.1	25	20
09/06/2005	10447.4	23	20
09/02/2005	10434.8	18	20
09/01/2005	10426.1 [10,430] 0.04 %	18	20
08/31/2005	10357.6	19	20
08/30/2005	10351.0	16	21
08/29/2005	10348.7	18	21
08/26/2005	10384.2	16	21
08/25/2005	10428.6	17	22
08/24/2005	10433.0	17	22
08/23/2005	10497.0	19	22
08/22/2005	10524.7	21	23
08/19/2005	10554.9	21	23
08/18/2005	10517.7	20	23
08/17/2005	10509.2	20	24
08/16/2005	10510.7	19	24
08/15/2005	10558.4	23	24
08/12/2005	10568.5	22	24
08/11/2005	10591.5	25	24
08/10/2005	10570.2	22	24
08/09/2005	10536.9	22	24
08/08/2005	10525.1	20	24
08/05/2005	10554.9	21	24
08/04/2005	10606.9	23	24
08/03/2005	10640.1	26	24
08/02/2005	10623.1	26	23
08/01/2005	10611.3	24	23
07/29/2005	10640.9	25	22
07/28/2005	10632.8	27	22
07/27/2005	10578.7	25	21
07/26/2005	10573.2	23	21
07/25/2005	10591.7	24	20
07/22/2005	10588.5	26	20
07/21/2005	10608.8	26	20
07/20/2005	10581.4	28	20
07/19/2005	10575.0	26	19
07/18/2005	10575.0	24	19
07/15/2005	10600.6	26	19
07/14/2005	10557.4	26	19
07/13/2005	10513.0	23	19
07/12/2005	10483.4	22	19
07/11/2005	10449.1	22	19
07/08/2005	10300.8	20	19
07/07/2005	10175.9 [10,260] 0.82 %	14	19
07/06/2005	10267.8	13	19
07/05/2005	10282.6	17	20
07/01/2005	10275.0	14	20
06/30/2005	10267.7	13	20
06/29/2005	10363.4	16	21
06/28/2005	10290.8	17	21
06/27/2005	10253.8	13	21
06/24/2005	10297.8	13	22
06/23/2005	10420.2	17	22
06/22/2005	10578.8	23	23
06/21/2005	10581.6	23	23
06/20/2005	10562.7	24	23
06/17/2005	10578.6	24	23
06/16/2005	10540.7	23	23
06/15/2005	10495.9	23	23
06/14/2005	10519.6	22	22
06/13/2005	10474.6	22	22
06/10/2005	10452.6	22	22
06/09/2005	10443.3	22	21
06/08/2005	10465.3	21	21
06/07/2005	10465.9	21	21
06/06/2005	10431.0	21	21
06/03/2005	10448.4	21	21
06/02/2005	10510.4	24	21
06/01/2005	10457.9	24	21
05/31/2005	10467.5	22	20
05/27/2005	10517.7	24	20
05/26/2005	10458.6	25	19
05/25/2005	10426.4	22	19
05/24/2005	10471.9	24	18
05/23/2005	10466.1	25	18
05/20/2005	10423.9	23	17
05/19/2005	10435.3	24	16
05/18/2005	10323.0	24	15
05/17/2005	10213.1	19	15
05/16/2005	10138.3	17	14
05/13/2005	10075.5	13	14
05/12/2005	10183.4	15	14
05/11/2005	10184.9	18	14
05/10/2005	10250.2	17	14
05/09/2005	10320.1	21	14
05/06/2005	10339.6	20	14
05/05/2005	10296.5	19	14
05/04/2005	10255.2	21	14
05/03/2005	10208.0	16	14
05/02/2005	10188.1	16	14
04/29/2005	10048.1	13	13
04/28/2005	10070.1	9	14
04/27/2005	10079.5	13	14
04/26/2005	10151.0	11	14
04/25/2005	10158.5	14	14
04/22/2005	10069.9	11	14
04/21/2005	10010.5	13	15
04/20/2005	10000.5 [10,186] 1.82 %	5	15
04/19/2005	10071.5	9	15
04/18/2005	10020.9	6	16
04/15/2005	10076.6	7	17
04/14/2005	10273.4	13	17
04/13/2005	10379.7	17	18
04/12/2005	10360.9	20	18
04/11/2005	10438.4	18	18
04/08/2005	10460.5	18	19
04/07/2005	10476.7	21	19
04/06/2005	10453.4	18	20
04/05/2005	10419.4	17	20
04/04/2005	10356.7	15	21
04/01/2005	10381.0	14	21
03/31/2005	10490.4	18	22
03/30/2005	10404.8	19	22
03/29/2005	10396.2	14	23
03/28/2005	10440.0	16	24
03/24/2005	10442.9	14	24
03/23/2005	10430.5	15	24
03/22/2005	10470.3	15	25
03/21/2005	10534.1	18	25
03/18/2005	10557.0	20	26
03/17/2005	10598.3	20	26
03/16/2005	10612.4	20	27
03/15/2005	10745.1	24	27
03/14/2005	10754.4	26	28
03/11/2005	10758.5	25	28
03/10/2005	10780.4	27	28
03/09/2005	10802.1	26	28
03/08/2005	10900.1	30	28
03/07/2005	10931.5	31	28
03/04/2005	10834.3	31	27
03/03/2005	10767.2	28	27
03/02/2005