Schannep Timing Indicator

The editor of TheDowTheory.com said last night in an email to subscribers:

"Today's collapse in the stock market is what we have been looking forward to all year -- the end of the bear market! ... Yes, today we reached capitulation and that is the time to buy. I suggest investing 50% into the market now, equally between SPDR S&P 500 ETF (SPY ) , Dow Diamonds ETF (DIA) and iShares:NYSE Comp Index (NYC) ."

Schannep has been signaling this call for some time. He has a highly individual interpretation of the Dow Theory, explained in his new book, "Dow Theory for the 21st Century." But his actions now seem to be based on his proprietary technical indicators. He writes in explanation:

"That is what I will be doing in the model portfolio in accordance with the 'rules' of the Schannep Timing Indicator and our Composite Indicator. The last time we had such a signal was on October 9th, 2002, the start of that 5 year bull market."

Schannep's record (for the record) is looking better and better. Over the year to date, TheDowTheory.com is up 1.9% by Hulbert Financial Digest count, vs. negative 18.6% for the dividend-reinvested Dow Jones Wilshire 5000 (DWC) . This makes it one of only 13 letters out of some 180 followed by HFD to be in the black this year. Over the past five years, the letter has achieved a 7.31% annualized gain, vs. 6% annualized for the total return DJ Wilshire 5000.

There. Feel better now?

Something to celebrate, sort of
By Peter Brimelow, CBS.MarketWatch.com Last Update: 2:39 a.m. EDT Oct. 8, 2008	For additional Articles click HERE for Media Index
NEW YORK (MarketWatch) -- A disastrous day, so I'll start with some cheerful news: Jack Schannep has turned bullish. The editor of TheDowTheory.com said last night in an email to subscribers: "Today's collapse in the stock market is what we have been looking forward to all year -- the end of the bear market! ... Yes, today we reached capitulation and that is the time to buy. I suggest investing 50% into the market now, equally between SPDR S&P 500 ETF (SPY ) , Dow Diamonds ETF (DIA) and iShares:NYSE Comp Index (NYC) ." Schannep has been signaling this call for some time. He has a highly individual interpretation of the Dow Theory, explained in his new book, "Dow Theory for the 21st Century." But his actions now seem to be based on his proprietary technical indicators. He writes in explanation: "That is what I will be doing in the model portfolio in accordance with the 'rules' of the Schannep Timing Indicator and our Composite Indicator. The last time we had such a signal was on October 9th, 2002, the start of that 5 year bull market." Schannep's record (for the record) is looking better and better. Over the year to date, TheDowTheory.com is up 1.9% by Hulbert Financial Digest count, vs. negative 18.6% for the dividend-reinvested Dow Jones Wilshire 5000 (DWC) . This makes it one of only 13 letters out of some 180 followed by HFD to be in the black this year. Over the past five years, the letter has achieved a 7.31% annualized gain, vs. 6% annualized for the total return DJ Wilshire 5000. There. Feel better now?