Percentage of Bear Market Avoided - Schannep Timing Indicator

Market High		SELL Signal		Market Low		Signal	Total	Percentage
Date:	Level:	Date:	Level:	Date:	Level:	Points:	Points:	Avoided:
8/56	49.74	8/56	48.25	10/57	38.98	9.27	10.76	86.2%
12/61	72.64	5/62	63.57	6/62	52.32	11.25	20.32	55.4%
2/66	94.06	5/66	90.90	10/66	73.20	17.70	20.86	84.9%
11/68	108.37	3/69	98.65	5/70	69.29	29.36	39.08	75.1%
1/73	120.24	2/73	113.16	(10/73	109.16)	4.00
		11/73	98.66	10/74	62.28	36.38	57.96	62.8%
9/76	107.83	10/77	92.34	3/78	86.90	5.44	20.93	26.0%
2/80	118.44	10/78	96.03	3/80	98.22	20.22	20.22	100.0%
1/81	138.12	8/81	122.79	8/82	102.42	20.37	35.70	57.1%
8/87	336.77	10/87	282.70	12/87	223.92	58.78	112.85	52.1%
7/90	368.95	8/90	311.51	10/90	295.46	16.05	73.49	21.8%
7/98	1186.75	8/98	1042.51	8/98	957.28	85.23	229.47	37.1%
3/00	1527.46	3/01*	1150.53	9/01	965.80	184.73	561.66	32.9%
3/02	1170.29	7/02	953.99	10/02	776.76	177.23	393.53	45.0%
10/07	1565.17
	to-date							Ave. above: 56.6%

Dates and Levels are S&P 500. Where "Market Low" is in parentheses, it indicates a Schannep Timing Indicator BUY Signal, and is followed by a ReSell.
* 3/01 Sell was by the definition of a bear market having been met.
**8/04 was a 1/2 Sell

Further updates are available for Subscribers only under the results for the COMPOSITE Timing Indicator.

ÞThe BOTTOM LINE: SELL Signals avoided almost 60% of Bear Market point losses on average. SELL Signals preceded every Bear Market and Recession during the period covered. Of the eleven (11) calendar YEARS since 1950 that the S&P 500 lost on the year, my Indicator was in a SELL mode for 70% of the time during those years. Of the 16 worst MONTHS (down 7% or more) during that time, a SELL Signal was in effect during all or part of 15 (93%) of those months.