Ahead of The Trend with Sy Harding
October 14, 2006
Sy Harding is president of Asset Management Research Corp., publisher of The Street Smart Report Online at Street Smart Report and author of 1999's Riding The Bear - How To Prosper In the Coming Bear Market!
- Authored Riding the Bear - How to Prosper in the Coming Bear Market? Released March, 1999, the Dow topped out just 9 months later on January 14, 2000.
- Called the Nasdaq top and advised selling it short in early March 2000 as it passed 5,000 predicting it was about to plunge 35% to 3,300? (Confirmed by article in Barron's March 6, 2000 issue). The Nasdaq topped out just four days later, March 10, at 5,048.
- Gave a buy signal to move to 100% invested on April 2, 2001, calling for a "significant rally"? The market bottomed just two days later, on April 4. Eight weeks later the Dow and S&P 500 were up 19% while the Nasdaq was up 41%.
- Tookthe profits from that rally in June and with sell signal on July 6, 2001 moved to 100% positioning for the downside with short-sales, etc., in anticipation of the summer decline.
- Took the profits from the downside (20% on the short-sale of S&P 500 index) on September 20 and 21 (2001), which were the exact two days of the market's September bottom.
- Then after the terrorist attacks on Sept. 11, gave a buy signal on October 3, 2001 for another significant rally. The Nasdaq was up 44%, and the S&P 500 up 23% just two months later.
- Then gave a sell signal on April 24 that was followed by six straight months down to the October, 2002 bottom.
- Then gave a buy signal on October 17, 2002, calling for a substantial rally to the 2003 high, which would "likely be the beginning of the next bull market".
- Developed the Seasonal Timing Strategy which had a compounded total return over the last 6 years of more than four times the total return of the S&P 500 (when 85% of professional money-managers and mutual fund managers fail to even match the S&P 500 over the long term). Further it did so with 50% of market risk and just two trades a year.