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Subscriber's, > The BOTTOM LINE:
The purpose has always been to help the reader attain personal financial success,
and I would hope and expect that will continue to happen. I will tell you without
reservation when and what my indicator and my interpretation of The Dow Theory are
saying. I will give you my best judgment and show you proven ways to improve on
these investment results. How you use this in your investment strategy will be up to
you. Please join me as we go into the future with the peace of mind that
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I am a 1956 graduate of the U.S. Military Academy at West Point. For 4 years I was a jet instructor pilot and academic instructor in the Air Force. From 1961 until 1968 I was a stockbroker with Dean Witter in Phoenix. I opened and managed the Dean Witter Tucson offices from 1968 until retiring as Senior Vice President in charge of southern Arizona offices in 1984. My wife and I have four children and eight grandchildren, and live in Tucson and Pinetop, Arizona. I was president of the Lions Club, the West Point Society, the Big Brothers, and other professional organizations. I was on the Executive Committee of the Tucson Chamber of Commerce, the Arizona state chairman of the National Association of Security Dealers (NASD) Fair Practices Committee, and an Allied member of the New York Stock Exchange (NYSE). I have been listed in Who’s Who in America since 1988. I’ve had a serious interest in market timing for many years, starting with The Dow Theory over 45 years ago. My father-in-law had known Robert Rhea, the great Dow Theorist of the 1930's and author of the definitive work on the subject The Dow Theory. In 1962, I mimeographed (!) my first market timing letter to my clients (See "From The Achives" in the Subscribers area). In 1969, I initially developed a stock market major trend timing indicator which over the next several years I further developed and improved. I went from making the necessary calculations on my slide rule and adding machine to my first personal computer over twenty years ago. Back in 1977, I began writing a personal correspondence to my fellow managers, my stockbrokers and some other colleagues about my advanced market timing indicator, and my expectations for the stock market. This became the "Schannep Timing Indicator Quarterly Letter" which I continued in my retirement. After the re-BUY signal in 1984, the market doubled to the 1987 high. I had written in April of ’87 that "Obviously, the next signal change will be to a SELL and should occur sooner rather than later at this point in this extended Bull Market...." On October 13th , six days before the crash, I wrote that "Ninth innings of baseball games like 3rd legs of 3rd legs usually mark the end, sometimes they end earlier, sometimes later, but alas, they always end." And "THE BOTTOM LINE: With the Bull Market and the economy so advanced in age and a Bear Market and recession ‘scheduled to appear’ …. it only makes sense to prepare for them". The SELL Signal occurred on the Friday preceding the crash. In my December 7th, 1987 Letter, THE day of the low on the Standard & Poor’s 500, and I wrote: "They say no one rings a bell at market lows…But listen closely: I just did!". At that time, I recommended buying one third with the market at 1812, another third at 2013 and the final third when the buy signal was confirmed on my indicator at 2064. The market then rose to 3,000. More recently, I wrote three Special Reports that I called "Three Tops and a Tumble" in late 1999 and early 2000 with the market above 10,900 (found in the Subscriber's Area). And after the bear market that followed sent an e-mail entitled "Only Twice Before in 50 Years, and Now Today" at THE VERY BOTTOM on Oct 9th, 2002 with the Dow Jones at 7286.27!! The records for both the Schannep Timing Indicator and the Dow Theory can be found in the Free Section of my website at www.TheDowTheory.com or www.TimingIndicator.com. In 1984, I had my C.P.A. verify the signals of my indicator from the time they became "live" in June of 1969 and to back-test the data from 1953. In 1998 he updated that verification which can be found under the section on the 'Schannep iming ¯ndicator'. At that time I opened my Letter up to the public via the Internet and since then the record has been monitored by TimerTrac.com and since 2000 by the Hulbert Financial Digest found at MarketWatch.com I look forward with enthusiasm to continuing my stock market major trend timing indicator "Letter" and expanding it from that small group in the business to a worldwide audience. And that IS happening, and I invite you to join us as a regular subscriber.
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