| Buy Signal Type Date/Level Capitulation | % | Buy or Sell Date/Level The Dow Theory for the 21st Century | % | Buy or Sell Date/Level Schannep Timing | % | Buy or Sell Date/Level Definition of "Official" Bull or Bear met | % | COMPOSITE Indicator Signal | Start 12/31/53 $10,000 |
|---|---|---|---|---|---|---|---|---|---|
| 9/14/53 mkt lows 255.49 | |||||||||
| Year-end 12/31/53 @280.90 | $10,000 | ||||||||
| B-1/25/54@290.40 | 50 | $10,007 | |||||||
| B-4/1/54@306.27 | 50 | Bull-4/1/54 @306.27 (S&P@27.17 ) | < Fully Invested at 100% | Average Buy 298.33 | $10,338 | ||||
| Year-end 12/30/54 @404.39 | $14,108 | ||||||||
| Year-end 12/30/55 @488.40 | $17,732 | ||||||||
| 4/6/56 Bull Mkt High: | 521.05 | ||||||||
| S-8/20/56@511.24 | 50 | $19,066 | |||||||
| Year-end 12/30/56 @499.97 | $19,099 | ||||||||
| S-2/5/57@469.96 | 50 | < to 100% 'cash' | Average Sell 490.60 | $18.603 | |||||
| Bear-10/17/57 @436.87 (S&P@40.65) | n/a | ||||||||
| 10/22/57 Bear Mkt Low: | 419.79 | ||||||||
| Year-end 12/31/57 @435.69 | 19,134 | ||||||||
| B-4/21/58@450.72 | 50 | $19,222 | |||||||
| B-5/5/58@461.12 | 50 | < Fully Invested at 100% | Average Buy 455.92 | $19,464 | |||||
| Bull-7/25/58 @501.76 (S&P@46.97) | n/a | ||||||||
| Year-end 12/31/58 @583.65 | $25,259 | ||||||||
| S-11/12/59@644.26 | 50 | $28,607 | |||||||
| Year-end 12/31/59 @679.36 | $29,525 | ||||||||
| S-2/16/60@611.33 | 50 | No Bear market | < to 100% 'cash' | Average Sell 627.80 | $28,173 | ||||
| Year-end 12/30/60 @615.89 | $28,824 | ||||||||
| B-1/3/61@610.25 | 50 | $28,829 | |||||||
| B-3/6/61@674.46 | 50 | < Fully Invested at 100% | Average Buy 642.35 | $30,485 | |||||
| 12/13/61 Bull Mkt High | 734.91 | ||||||||
| Year-end 12/29/61@731.14 | $33,843 | ||||||||
| S-4/12/62@685.67 | 50 | $32,029 | |||||||
| S-5/10/62@647.23 | 50 | < to 100% 'cash' | Average Sell 666.45 | $31,209 | |||||
| Bear-5/25/62 @611.88 (S&P@59.47) | n/a | ||||||||
| B-6/22/62@539.19 | 50 | B-6/22/62@539.19 | n/a | B-6/22/62@539.19 | n/a | $31,306 | |||
| 6/26/62 Bear Mkt Low: | 535.76 | ||||||||
| B-7/18/62@571.24 | 25 | $32,308 | |||||||
| B-7/31/62@597.93 | 25 | < Fully Invested at 100% | Average Buy 561.88 | $33,482 | |||||
| B-11/14/62@630.48 | n/a | ||||||||
| Bull-11/29/62 @652.61 (S&P@62.41) | n/a | ||||||||
| Year-end 12/31/62@652.10 | $37,072 | ||||||||
| Year-end 12/31/63@762.95 | $44,755 | ||||||||
| Year-end 12/31/64@874,13 | $52,914 | ||||||||
| Year-end 12/31/65@969.26 | $60,567 | ||||||||
| 2/9/66 Bull Mkt High: | 995.15 | ||||||||
| Capitulation | % | The Dow Theory | % | Schannep Indicator | % | Official Bull or Bear | % | COMPOSITE | Value |
| S-5/2/66@931.95 | 50 | $58,838 | |||||||
| S-5/9/66@886.80 | 50 | < to 100% 'cash' | Average Sell 909.37 | $57,455 | |||||
| S-Bear market definition met | n/a | Bear-8/22/66@792.03 (S&P@78.24) | n/a | ||||||
| 10/7/66 Bear Mkt Low: | 744.32 | ||||||||
| B-12/13/66@816.70 | 50 | $59,103 | |||||||
| B-12/27/66@792.20 | 50 | < Fully Invested at 100% | Average Buy 804.45 | $58,315 | |||||
| Year-end 12/30/66@785.69 | $57,853 | ||||||||
| Bull-4/24/67@887.53 (S&P@92.62) | n/a | ||||||||
| S-11/2/67@864.85 | 50 | $65,514 | |||||||
| Year-end 12/31/67@905.11 | $67,457 | ||||||||
| S-1/22/68@871.71 | 50 | < to 100% 'cash' | Average Sell 868.28 | $66,384 | |||||
| B-4/11/68@905.69 | 50 | No Bear market | $67,081 | ||||||
| B-9/24/68@938.28 | 50 | < Fully Invested at 100% | Average Buy 921.99 | $69,584 | |||||
| 12/3/68 Bull Mkt High: | 985.21 | ||||||||
| Year-end 12/31/68@943.75 | $70,588 | ||||||||
| S-2/20/69@916.65 | 50 | $68,876 | |||||||
| S-3/7/69@911.18 | 50 | < to 100% 'cash' | Average Sell 913.92 | $68,800 | |||||
| Bear-7/28/69 @ 806.23 (S&P@90.21) | n/a | ||||||||
| B-10/16/69@838.77 | 50 | $71,439 | |||||||
| Year-end 12/31/69@800.36 | $70,616 | ||||||||
| S-1/26/70@768.88 | 50 | No Bull market | < to 100% 'cash' | $69,490 | |||||
| B-5/25/70@641.36 | 50 | B-5/25/70@641.36 | n/a | B-5/25/70@641.36 | n/a | $70,980 | |||
| 5/26/70 Bear Mkt Low: | 631.16 | ||||||||
| B-6/10/70@694.35 | 25 | ||||||||
| B-8/21/70@745.41 | 25 | B-8/24/70@759.58 | n/a | < Fully Invested at 100% | Average Buy 680.61 | $74,084 | |||
| Bull-9/4/70@771.15 (S&P@82.83) | $78,883 | ||||||||
| Year-end 12/31/70@838.92 | $90,014 | ||||||||
| S-7/28/71@872.01 | 50 | No Bear market | $95,390 | ||||||
| B-9/7/71 @916.47 | 50 | < Fully Invested at 100% | $98,271 | ||||||
| Year-end 12/31/71@890.20 | $96,534 | ||||||||
| Year-end 12/29/72@1,020.02 | $114,097 | ||||||||
| 1/11/73 Bull Mkt High: | 1,051.70 | ||||||||
| Capitulation | % | The Dow Theory | % | Schannep Indicator | % | Official Bull or Bear | % | COMPOSITE | Value |
| S-2/23/73@959.89 | 50 | $107,921 | |||||||
| S-2/26/73@953.79 | 50 | < to 100% 'cash' | Average Sell 956.84 | $107,617 | |||||
| Bear-8/21/73@857.84 (S&P@100.89) | n/a | ||||||||
| B-10/22/73@960.57 | 50 | No Bull Market | $112,422 | ||||||
| S-11/20/73@844.90 | 50 | < to 100% 'cash' | $106,139 | ||||||
| Year-end 12/29/73@850.86 | $106,982 | ||||||||
| B-8/23/74@686.80 | 50 | B-8/23/74@686.80 | n/a | B-8/23/74@686.80 | n/a | $112,160 | |||
| B-9/30/74@607.87 | 25 | B-9/30/74@607.87 | n/a | B-9/30/74@607.87 | n/a | $106,442 | |||
| B-10/21/74@669.82 | 25 | < Fully Invested at 100% | Average Buy 662.82 | $114,941 | |||||
| B-11/4/74@657.23 | n/a | ||||||||
| 12/6/74 Bear Mkt Low: | 577.6 | ||||||||
| Year-end 12/29/74@616.24 | $106,978 | ||||||||
| Bull-1/28/75@687.34 (S&P@77.26) | |||||||||
| Year-end 12/29/75@852.41 | $154,698 | ||||||||
| 9/21/76 Bull Mkt High: | 1,014.79 | ||||||||
| S-11/9/76@930.77 | 50 | $174,369 | |||||||
| Year-end 12/29/76@1004.65 | $182,360 | ||||||||
| S-10/31/77@818.35 | 50 | < to 100% 'cash' | Average Sell 874.56 | $172,175 | |||||
| Year-end 12/29/77@831.17 | $173,825 | ||||||||
| Bear-1/10/78@781.53 (S&P@90.17) | n/a | ||||||||
| 2/28/78 Bear Mkt Low: | 742.12 | ||||||||
| B-4/17/78@810.12 | 50 | $176,915 | |||||||
| B-6/5/78@863.83 | 50 | < Fully Invested at 100% | Average Buy 836.98 | $184,168 | |||||
| Bull-8/3/78@886.87 (S&P@103.51) | n/a | ||||||||
| Capitulation | The Dow Theory | % | Schannep Indicator | % | Official Bull or Bear | % | COMPOSITE | Value | |
| S-10/17/78@866.34 | 50 | $188,189 | |||||||
| S-10/26/78@821.12 | 50 | < to 100% 'cash' | Average Sell 843.73 | $183,588 | |||||
| Year-end 12/29/78@805.01 | $186,171 | ||||||||
| B-1/4/79@826.14 | 50 | $186,386 | |||||||
| Year-end 12/31/79@838.74 | $201,952 | ||||||||
| 4/21/80 Mkt Low: | 759.13 | ||||||||
| B-6/11/80@872.70 | 50 | < Fully Invested at 100% | Average Buy 849.42 | $213,535 | |||||
| Year-end 12/31/80@963.99 | $242,955 | ||||||||
| 4/27/81 Bull Mkt High: | 1,024.05 | ||||||||
| S-7/2/81@959.19 | 50 | $248,265 | |||||||
| S-8/31/81@881.47 | 50 | < to 100% 'cash' | Average Sell 920.33 | $242,134 | |||||
| Bear-9/24/81 @845.69 (115.01) | n/a | ||||||||
| Year-end 12/31/81@875.00 | $251,371 | ||||||||
| 8/12/82 Bear Mkt Low: | 776.92 | ||||||||
| B-8/20/82@869.28 | 50 | $268,924 | |||||||
| B-8/23/82@891.17 | 50 | < Fully Invested at 100% | Average Buy 880.22 | $272,493 | |||||
| B-Bull-9/3/82 @925.13 (S&P@122.68) | n/a | ||||||||
| Year-end 12/31/82@1,046.54 | $326,814 | ||||||||
| S-7/29/83@1199.21 | 50 | $384,507 | |||||||
| B-10/7/83@1272.15 | 50 | < Fully Invested at 100% | $400,960 | ||||||
| Year-end 12/30/83@1,258.64 | $400,611 | ||||||||
| S-1/25/84@1231.88 | 50 | $393,293 | |||||||
| S-2/22/84@1134.21 | 50 | < to 100% 'cash' | Average Sell 1,183.04 | $379,630 | |||||
| B-8/3/84@1202.96 | 50 | No Bear Market | $394,909 | ||||||
| B-8/21/84@1239.73 | 50 | < Fully Invested at 100% | Average Buy 1,221.34 | $402,326 | |||||
| Year-end 12/31/84@1,211.57 | $399,788 | ||||||||
| Year-end 12/31/85@1,546.67 | $532,491 | ||||||||
| Year-end 12/31/86@1,895.95 | $675,705 | ||||||||
| 8/25/87 Bull Mkt High: | 2,722.42 | ||||||||
| S-10/12/87@2471.44 | 50 | $899,819 | |||||||
| S-10/16/87@ 2246.74 due to Bear Definition met | 50 | < to 100% 'cash' | Average Sell 2,359.09 | $859,357 | |||||
| Bear-10/16/87 @2246.74 (S&P@282.70) | |||||||||
| Capitulation | % | The Dow Theory | % | Schannep Indicator | % | Official Bull or Bear | % | COMPOSITE | Value |
| B-10/19/87@1738.74 | 50 | B-10/19/87@1738.74 | n/a | B-10/19/87@1738.74 | n/a | 10/19/87 Bear Mkt Low: | 1,738.74 | $859,751 | |
| B-12/3/87@1776.53 | 25 | B-12/3/87@1776.53 | n/a | B-12/3/87@1776.53 | n/a | $873,985 | |||
| Year-end 12/31/87@1,938.83 | $936,694 | ||||||||
| B-2/19/88@2014.58 | 25 | < Fully Invested at 100% | Average Buy 1,817.15 | $968,317 | |||||
| B-2/29/88@ 2071.62 due to Bull definition met | n/a | Bull-2/29/88 @2071.62 (S&P@267.82) | n/a | ||||||
| S-8/10/88@2034.14 | 50 | $995,176 | |||||||
| B-10/7/88@2150.25 | 50 | < Fully Invested at 100% | $1,031,680 | ||||||
| Year-end 12/30/88@2,168.57 | $1,049,054 | ||||||||
| S-10/13/89@2569.26 | 50 | No Bear market | $1,276,237 | ||||||
| Year-end 12/31/89@2,753.20 | $1,336,940 | ||||||||
| B-3/2/90@2660.36 | 50 | < Fully Invested at 100% | $1,327,228 | ||||||
| 7/16/90 Bull Mkt High: | 2,999.75 | ||||||||
| S-8/2/90@2864.60 | 50 | $1,451,887 | |||||||
| B-8/23/90@2483.42 | Stay at 50% | B-8/23/90@ 2483.42 This Capitulation Buy reaffirms the 50% invested position and offsets the Bear definition | n/a | B-8/23/90@ 2483.42 S-8/23/90@ 2483.42 due to Bear definition being met, reduce to 50% invested as capitulation was occurring | n/a n/a | Bear-8/23/90 @2483.42 (S&P@307.06) | n/a | ||
| 10/11/90 Bear Mkt Low: | 2,365.10 | ||||||||
| B-10/26/90@2436.14 | 25 | $1,360,643 | |||||||
| B-11/12/90@2540.35 | 25 | < Fully Invested at 100% | $1,407,265 | ||||||
| Year-end 12/31/90@2,633.66 | $1,466,592 | ||||||||
| B-1/25/91@2659.41 | n/a | Bull-2/6/91@2830.94 (S&P@358.07) | n/a | ||||||
| Year-end 12/31/91@3,168.83 | $1,820,133 | ||||||||
| Year-end 12/31/92@3,301.11 | $1,951,478 | ||||||||
| Year-end 12/31/93@3,754.09 | $2,281,725 | ||||||||
| S-6/20/94@3741.90 | 50 | No Bear Market | $2,301,751 | ||||||
| Year-end 12/3/94@3,834.44 | $2,374,739 | ||||||||
| B-2/22/95@3973.05 | 50 | < Fully Invested at 100% | $2,431,749 | ||||||
| Year-end 12/29/95@5,117.12 | $3,194,102 | ||||||||
| Year-end 12/31/96@6,448.27 | $4,108,987 | ||||||||
| Year-end 12/31/97@7,908.25 | $5,123,738 | ||||||||
| 7/17/98 Bull Mkt High: | 9,337.97 | ||||||||
| S-8/4/98@8487.31 | 50 | $5,551,390 | |||||||
| S-8/27/98@8165.99 | 50 | < to 100% 'cash' | Average Sell 8,326.65 | $5,457,453 | |||||
| Bear-8/31/98 @7539.07 (S&P@957.28) | n/a | ||||||||
| Capitulation | % | The Dow Theory | % | Schannep Indicator | % | Official Bull or Bear | % | COMPOSITE | Value |
| B-8/31/98@7539.07 | 50 | B-8/31/98@7539.07 | n/a | B-8/31/98@7539.07 | n/a | 8/31/98 Bear Mkt Low: | 7,539.07 | $5,460,221 | |
| B-9/10/98@7615.54 | 25 | $5,492,709 | |||||||
| B-9/14/98@7945.35 | 25 | < Fully Invested at 100% | Average Buy 7,659.75 | $5,672,629 | |||||
| B-11/5/98@8915.47 | n/a | ||||||||
| Bull-11/6/98 @8975.46 (S&P@1141.01) | n/a | ||||||||
| Year-end 12/31/98@9,181.43 | $6,587,555 | ||||||||
| S-8/30/99@10914.14 | 50 | $7,911,514 | |||||||
| S-9/23/99@10318.59 | 50 | No Bear Market | < to 100% 'cash' | Average Sell 10,616.37 | $7,711,294 | ||||
| B-12/3/99@11286.18 | 50 | $7,782,522 | |||||||
| Year-end 12/31/99@11,497.12 | $7,874,161 | ||||||||
| 1/14/00 Bull Mkt high: | 11,722.98 | ||||||||
| Year-end 12/29/00@10,786.85 | $7,906,828 | ||||||||
| S-3/16/01@ 9823.41 due to Bear definition being met | 50 | S-Bear-3/16/01 @9823.41 (S&P@1150.53) | < to 100% 'cash' | $7,605,300 | |||||
| B-9/20/01@8376.21 | 50 | B-9/20/01@8376.21 | n/a | B-9/20/01@8376.21 | n/a | $7,739,026 | |||
| 9/21/01 Bear Mkt low: | 8,235.81 | ||||||||
| B-10/30/01@9121.98 | 25 | $8,100,952 | |||||||
| B-11/6/01@9591.12 | 25 | < Fully Invested at 100% | Average Buy 8,866.38 | $8,416,498 | |||||
| B-11/19/01@9976.46 due to Bull definition being met | n/a | Bull-11/19/01 @9976.46 (S&P500@1151.06) | n/a | ||||||
| Year-end 12/31/01@10,021.50 | $8,819,695 | ||||||||
| 3/19/02 Bull Mkt High: | 10,635.25 | ||||||||
| S-6/3/02@9709.79 | 50 | $8,610,924 | |||||||
| S-7/3/02@9054.97 | 50 | < to 100% 'cash' | Average Sell 9,382.38 | $8,332,393 | |||||
| Bear-7/10/02 @8813.50 (S&P@920.47) | n/a | ||||||||
| B-7/19/02@8019.26 | 50 | B-7/19/02@8019.26 | n/a | B-7/19/02@8019.26 | n/a | $8,338,311 | |||
| B-8/2/02@8313.13 | 25 | $8,497,121 | |||||||
| B-8/14/02@8743.31 | 25 | < Fully Invested at 100% | Average Buy 8,273.74 | $8,832,567 | |||||
| S-9/17/02@8207.55 | 50 | $8,308,187 | |||||||
| Capitulation | % | The Dow Theory | % | Schannep Indicator | % | Official Bull or Bear | % | COMPOSITE | Value |
| B-10/9/02@7286.27 | 25 | B-10/9/02@ 7286.27 This capitulation Buy is "another" Indicator so add 25% | n/a | B-10/9/02@7286.27 | n/a | 10/9/02 Bear Mkt low: | 7,286.27 | $7,850,230 | |
| B-11/5/02@8678.27 | 25 | < Fully Invested at 100% | $8,987,700 | ||||||
| B-11/8/02@8571.60 | n/a | ||||||||
| B=11/21/02@8845.13 | n/a | ||||||||
| Bull-11/21/02 @8845.15 (S&P500@933.76) | n/a | ||||||||
| Year-end 12/31/02@8,341.63 | $8,669,595 | ||||||||
| S-1/24/03@8131.01 | 50 | $84,628.863 | |||||||
| B-4/22/03@8484.99 | 50 | No Bear Market | < Fully Invested at 100% | $8,682,077 | |||||
| Year-end 12/31/03@10,453.92 | $10,853,833 | ||||||||
| S-5/10/04@9990.02 | 50 | $10,446,118 | |||||||
| S-8/5/04 @9963.03 | 50 | < to 100% 'cash' | Average Sell 9,976.53 | $10,471,760 | |||||
| B-11/3/04@10137.05 | 50 | No Bear Market | $10,513,929 | ||||||
| B-11/22/04 @10489.42 | 50 | < Fully Invested at 100% | Average Buy 10,,313.24 | $10,707,920 | |||||
| Year-end 12/31/04@10,783.01 | $11,032,139 | ||||||||
| S-4/14/05@10278.75 | 50 | $10,583,046 | |||||||
| B-11/18/05@ 10766.33 | 50 | < Fully Invested at 100% | $11,013,382 | ||||||
| Year-end 12/30/05@10,717.50 | $10,994,414 | ||||||||
| S-7/12/06@11013.18 | 50 | No Bear Market | $11,429,717 | ||||||
| B-10/12/06@ 11947.70 | 50 | < Fully Invested at 100% | $12,015,774 | ||||||
| Year-end 12/29/06@12,463.15 | $12,590,913 | ||||||||
| S-8/14/07@13028.92 | 50 | $13,335,079 | |||||||
| 10/9/07 Bull Mkt High: | 14,164.53 | ||||||||
| Year-end 12/31/07@13,264.82 | $13,601,240 | ||||||||
| S-1/15/08@12501.11 | 50 | < to 100% 'cash' | Average Sell: 12.765.02 | $13,220,768 | |||||
| Bear-3/7/08 @11893.69 (S&P500@1293.37) | n/a | ||||||||
| B-4/18/08@12849.36 | 50 | No Bull market | $13,282,605 | ||||||
| S-7/2/08@11215.51 | 50 | < to 100% 'cash' | $12,489,173 | ||||||
| B-10/7/08@9447.11 | 50 | B-10/7/08@9447.11 | n/a | B-10/7/08@9447.11 | n/a | $12,534,241 | |||
| B-11/5/08@9139.27 | 25 | $12,345,603 | |||||||
| B-11/12/08@8282.66 | Stay @ 75 awaiting finalizing Dow Theory Buy | B-11/12/08@8282.66 | n/a | B-11/12/08@8282.66 | n/a | $11,483,159 | |||
| S-11/19/08@ 7997.28 Mkt low on all three, Hold at 75% from capitulation Buys | < Holding 75% from Capitulation Buys | ||||||||
| 11/20/08 Bear Mkt Low: | 7,552.29 | ||||||||
| B-12/11/08@8565.09 | n/a | ||||||||
| Year-end 12/31/08@8,776.39 | $12,032,941 |
||||||||
| B-1/2/09@9034.69 due to Bull definition being met | 25 | Bull-1/2/09@ 9034.69 (S&P500@931.80) | < Fully invested at 100% | Average Buy: 8,975.93 (First In, First Out) | $12,299,560 | ||||
| 1/2/09 Bull Mkt High: | 9,034.69 | ||||||||
| Capitulation | % | The Dow Theory | % | Schannep Indicator | % | Official Bull or Bear | % | COMPOSITE | Value |
| S-1/14/09@8200.14 | 50 | $11,178,706 | |||||||
| S-2/19/09@ 7465.95 due to Bear definition being met | 50 | Bear-2/19/09 @7465.95 (S&P500@778.94) | to 100% cash | Average Sell: 7,833.05 | $10,700,263 | ||||
| B-2/23/09@7114.78 | 50 | B-2/23/09@7114.78 | n/a | B-2/23/09@7114.78 | n/a | $10,700,499 | |||
| 3/9/09 Bear Mkt Low: | 6,547.05 | ||||||||
| B-3/20/09@7278.38 | 25 | $10,838,954 | |||||||
| B-3/23/09@7775.86 | 25 | B-3/26/09@ 7924.56 Definition of Bull Mkt met | n/a | Bull-3/26/09 @7924.56 (S&P500@832.86) | < Fully invested at 100% | Average Buy: 7,320.95 | $11,397,370 | ||
| Year-end 12/31/09@10,428.05 | $15,662,871 | ||||||||
| S-6/4/10@9931.97 | 50 | No Bear market | $15,092,403 | ||||||
| B-6/15/10@ 10404.77 broke above previous highs | 50 | < Fully Invested at 100% | $15,458,216 | ||||||
| S-6/30/10@ 9774.02 broke below previous lows | 50 | $14,537,661 | |||||||
| B-8/2/10@10674.38 broke above prev highs | 50 | < Fully Invested at 100% | $15,227,255 | ||||||
| Year-end 12/31/10@11,577.51 | $16,701,669 | ||||||||
| 4/29/11 Bull Mkt High: | 12,810.54 | ||||||||
| S-8/2/11@11866.62 | 50 | $17,409,802 | |||||||
| B-8/8/11@10809.85 | 25 - wait at 75% for finalized Dow Theory signal to go to 100% | B-8/8/11@ 10809.85 | n/a | B-8/8/11@10809.85 | n/a | $16,625,165 | |||
| S-8/10/11@10719.94 | 25, retain 50% due to capitulation | S-8/10/11@ 10719.94 due to Bear definition | n/a | Bear-8/10/11 @10719.94 (S&P500@1120.76) | n/a | $16,523,395 | |||
| B-8/18/11@10990.58 | 25 | $16.,737,224 | |||||||
| B-8/29/11@11539.25 | 25 | < Fully Invested at 100% | $17,374,932 | ||||||
| S-10/3/11@ 10655.30 break to new lows, hold 50% | 50 | 10/3//11 Bear Mkt Low: | 10,655.3 | $16,087,948 | |||||
| B-10/10/11@ 11433.18 | 50 | < Fully Invested at 100% | $16,679,754 | ||||||
| B-10/27/11@ 12208.55 | n/a | ||||||||
| Year-end 12/30/11@12,217.56 | $17,933,124 | ||||||||
| Bull-1/20/12 @12720.48 (S&P500@1315.38) | n/a | ||||||||
| Year-end 12/31/12@13,104.14 | $19,769,142 | ||||||||
| Year-end 12/31/13@16,576.66 | $25,623,362 | ||||||||
| Year-end 12/31/14@17,823.07 | $28,184,558 | ||||||||
| S-8/21/15@16459.75 | 50 | $26,442,640 | |||||||
| B-10/7/15@16912.29 | 50 | < Fully Invested at 100% | $26,849,054 | ||||||
| S-12/11/15@ 17265.21 | 50 | $27,528,894 | |||||||
| Year-end 12/31/15@17,425.03 | $27,675,482 | ||||||||
| B-7/8/16@18146.73 | 50 | < Fully Invested at 100% | $28,455,124 | ||||||
| Year-end 12/30/16@19,762.60 | $31,391,018 | ||||||||
| Year-end 12/29/17@24,719.22 | $40,215,368 | ||||||||
| S-4/23/2018@ 24448.69 | 50 | $40,045,412 | |||||||
| B-9/20/2018@ 26656.98 | 50 | < Fully Invested at 100% | $42,203,232 | ||||||
| 10/3/2018 Bull Mkt High: | 26,828.39 | ||||||||
| S-11/16/2018@ 25413.22 | 50 | $40,387,160 | |||||||
| S-11/23/2018@ 24285.95 | 50 | < to 100% 'cash' | Average Sell: 24,849.59 | $39,510,052 | |||||
| Bear-12/21/18 @22445.37 (S&P500@2416.62) | |||||||||
| Capitulation | The Dow Theory | Schannep Indicator | Official Bull or Bear | COMPOSITE | Value | ||||
| B-12/24/18 @ 21792.20 | 50 | B-12/24/18 @ 21792.20 | n/a | B-12/24/18 @ 21792.20 | n/a | 12/24/2018 Bear Mkt Low: | 21,782.20 | ||
| Year-end 12/31/18@23,327.46 | $41,003,072 | ||||||||
| B- 2/19/19@25891.31 | 50 | < Fully Invested at 100% | Average Buy: 23,841.76 | $43,386,900 | |||||
| Bull-3/1/19 @26026.32 (S&P500@2803.69) | |||||||||
| S-8/14/2019@ 25479.42 | 50 | $43,221,380 | |||||||
| B-8/30/2019@ 26403.28 | 50 | < Fully Invested at 100% | $44,048,976 | ||||||
| Year-end 12/31/2019@ 28,538.44 | $48,026,980 | ||||||||
| 2/12/2020 Bull Mkt Highs: | 29,551.42 | ||||||||
| S-2/25/2020@ 27081.36 | 50 | $45,774,724 | |||||||
| B-3/9/20@23851.02 | 25 added by this capitulation to 50 already from Schannep Timing Indicator Buy | B-3/9/20@23851.02 S-3/9/2020 @23851.02 | n/a n/a | B-3/9/20@23851.02 S-3/9/2020 @23851.02 | n/a n/a | Bear-3/9/20 @23,851.02 (S&P500@2,746.55) and Capitulation offset | Offsetting Hold 50% | $43,072,168 | |
| 3/23/2020 Bear Mkt Lows: | 18,591.93 | ||||||||
| B-4/6/2020@ 22679.99 | 25 | B-4/6/2020@ 22679.99 | n/a | Bull-4/6/2020 @22,679.99 (S&P500@2,663.68) < Fully Invested | < Fully Invested at 100% | $41,556,640 | |||
| Year-end 12/31/2020@ 30,606.48 | $56,996,460 | ||||||||
| Year-end 12/31/2021 @36,338.30 | $68,937,216 |
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| 1/4/2022 Bull Mkt high: | 36,799.65 | ||||||||
| S-2/22/2022 @33596.61 | 50 | $ 63,904,404 |
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| S-4/11/2022@34,308.08 | 50 | < to 100% 'cash' | Average Sell: 33,952.345 | $ 64,673,880 |
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| Bear-6/13/22 @30516.64 (S&P500 @3749.63) | |||||||||
| 6/17/22-Market low | 29,888.78 | ||||||||
| B-8/10/2022 @33309.51 | 50 | $65,006,200 | |||||||
| B-8/12/2022@33,761.05 | 50 | < Fully invested at 100% | Average Buy 33,535.28 | $65,455,056 | |||||
| S-9/15/2022 @30961.82 | 50 | $60,152,428 | |||||||
| S-9/30/2022 @28725.51 | 50 | < to 100% 'cash' | Average Sell: 29,843.67 | $58,036,216 | |||||
| 9/30/22-Market low | 28,725.51 | ||||||||
| B-11/10/2022 @33715.37 | 50 | $58,298,472 | |||||||
| Year-end 12/30/2022 @33,147.25 | $58,041,076 | ||||||||
| Capitulation | The Dow Theory for the 21st Century | Blay Timing Indicator | Buy or Sell Date/Level Definition of "Official" Bull or Bear met | COMPOSITE Indicator Signal | VALUE | ||||
| B-4/20/23 @33,786.62 | 50 | < Fully invested at 100% | Average Buy: 33,750.99 | $59,198,632 | |||||
| Bull -6/13/23 @34,212.12 (S&P500 @4,369.00) | |||||||||
| S-10/20/2023 @33,127.28 | 50 | $58,676,628 | |||||||
| B-12/1/2023 @36,245.50 | 50 | < Fully invested at 100% | $61,699,152 | ||||||
| Year-end 12/29/2023 @37,689.54 | $64,269,508 | ||||||||
| S-1/4/24 @37440.34 | 50 | $63,864,924 | |||||||
| B-1/17/24 @37,266.67 | 50 | < Fully invested at 100% | $63,803,260 | ||||||
| Year-end @42,544.22 | $75,902,064 | ||||||||
| S-3/4/2025 @42520.99 | 50 | $74,357,288 | |||||||
