There wouldn't be 40 years of data for anything starting after 1979.
I understand that, and gee, how convenient that happens to be for the thesis being made from the article. Another big point I just noticed is that the article seems to suggest that between buying the dips, your accumulated money is stuffed into the mattress. If you actually behaved the way real-world people behave, that money would be earning interest while you're waiting for the dips. That would likely massively change the outcome if the interest income were incorporated into the outcome. I'm not trying to dissuade anyone from regular DCA over a long period; I just think this was a one-sided article that overstates the case and I prefer objective research. (Even though clearly no one can perfectly time every big dip.)
"Buy the Dip: You save $100 (inflation adjusted) each month and only buy when the market is in a dip... Not only will you buy the dip, but I am going to make you omniscient (i.e. “God”) about when you buy. You will know exactly when the market is at the absolute bottom between any two all-time highs."