Declines After Sell Signals with STI


Schannep Timing Indicator SELL Signals and the 
further S&P500 Loss to the final Bear Market Lows*:
(Data since 12/31/1953)          
Sell Date Level Low Date: level   further loss: months to low:
8/20/1956 48.25 10/22/1957 38.98   19.2%   14.1
11/12/1959 57.17 10/25/1960 52.30 * 8.5%   11.5
5/10/1962 63.57 6/26/1962 52.32   17.7%   1.5
5/2/1966 90.90 10/7/1966 73.20   19.5%   5.2
1/22/1968 94.03 3/5/1968 87.72 * 6.7%   1.5
3/7/1969 98.65 5/26/1970 69.29   29.8%   14.6
2/23/1973 113.16 8/22/1973 100.53 * 11.2%   6.0
11/20/1973 98.66 10/3/1974 62.26   36.9%   10.5
10/31/1977 92.34 3/6/1978 86.90   5.9%   4.2
10/26/1978 96.03 11/14/1978 92.49 * 3.7%   0.6
8/31/1981 122.79 8/12/1982 102.42   16.6%   11.4
2/22/1984 154.31 7/24/1984 147.82 * 4.2%   5.1
10/16/1987 282.70 12/4/1987 223.92   20.8%   1.6
8/23/1990(a) 307.06 10/11/1990 295.46   3.8%   1.6
6/20/1994 455.48 6/24/1994 442.80 * 2.8%   0.1
8/27/1998 1042.59 8/31/1998 957.28   8.2%   0.1
8/30/1999 1324.02 10/15/1999 1247.41 * 5.8%   1.5
3/16/01(a) 1150.53 9/21/01 965.80   16.0%   6.2
7/3/2002 953.99 10/9/2002 776.76   18.6%   3.2
8/5/2004** 1080.70 8/12/2004 1063.23 * 1.6%   0.3
7/12/2006 1258.60 7/17/2006 1234.49 * 1.9%   0.2
1/15/2008 1380.95 10/20/08 985.40   28.6%   9.2
2/19/09(a) 778.94 3/9/09 676.53   13.1%   0.6
8/10/11(a) 1120.76 8/10/11 1099.23   0.2%   1.8
  Average further decline:     12.6%   4.7
             
*When no 'official' Bear market follows this is the low for this move.  
**This signal was a 1/2 sell signal due to the very favorable monetary status.
(a) was a 'stop-loss' due to definition of Bear market being met.
11 Signals were followed by 'official' Bear markets, 9 were not.

 


 

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The Telegraph of London quotes "Jack Schannep, author of Dow Theory for the 21st Century, there are some key theories that have to be accepted to successfully apply the process." DJIA: 22,997 Read the article HERE

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