cowan’s record 1994-2000
1999
At the top of the market in 1999 Cowan took out several full-page ads in Technical Analysis of Stocks and Commodities and Traders World magazines warning that the market would top in 2000, and that a 3-year major bear market would follow.
History shows that Cowan was exactly right with the “dot com” bubble breaking in 2000 and not bottoming until 3 years later in 2003.
This is the advertisement that Cowan published in 1999.
1999
In addition to his magazine ads, Cowan blitzed the New York City radio waves every 15 minutes via Bloomberg warning of the impending top.
These prophetic radio warnings began just minutes before the historic stock market top and onset of a 3 year bear market that devastated many investors portfolios.
3/1999
Crude oil
In early March, 1999 when crude oil was trading at $12 a barrel Cowan posted on the Bradley Cowan Internet Discussion Group that the next hot futures market would be crude oil. He posted that he had just opened related long positions and gave the price that he bought. The fundamentalists thought that he was crazy because there was a world wide oil glut and no relief in sight.
11/7/1997
Cowan’s full-page ads in Technical Analysis of Stocks and Commodities magazine were mailed on October 7, 1997 warning of an impending decline. The ad said that the market would “get hit hard twice between now and May, 1998”.
The SP500 immediately dropped 13% in the next 3 weeks.
The broad-based Value Line dropped even more.
5/1998
Cowan started running radio ads in New York City warning of an impending market decline. This date was also forecast 8 months earlier in his Technical Analysis of Stocks and Commodities magazine ad.
The Value Line index immediately dropped 15% in the next 3 months.
The SP500 limped along for another 2 months before declining 22% in 3 months.
1998
Cowan published on October 7, 1997 that the stock market would “get hit hard twice in the next six months.”
This full-page ad was taken out in Technical Analysis of Stocks and Commodities magazine showing how Cowan’s October 7, 1997 warning of two impending declines worked out.
The two tops shown are in October, 1997 and May, 1998, just as Cowan predicted.
Like the great baseball player Dizzy Dean said, “It ain’t braggin’ if you can do it.”
2/1997
Cowan used a direct mail campaign to warn of an impending decline. His letters had “STOCK CYCLES ARE PEAKING” printed on the envelope in big bold letters.
As this chart shows, the forecast was correct with the SP500 topping immediately and plunging 11% in a matter of days.
1996
Cowan’s Market Science book predicted this 1996 decline in soybeans.
1/1994
Cowan’s Four-Dimensional Stock Market Structures and Cycles correctly predicted the January 1994 decline.
