Update of Post Coppock Curve Buy Signal Patterns in Phase Space
Here's an update of the 5 charts shown in my November 11, 2003 communication:
First comes a Cycloops phase space chart in which a complex coordinate is plotted against the natural logarithm of the NYSE Trin smoothed by six 10-day moving averages. The time span covers the 157 trading days after the 4/28/78 and 5/30/03 deep monthly DJIA Coppock Curve buy signals. The current path should swing around to the left by the next update in my opinion.
Second and third come line charts showing each of the above 2 coordinates separately over the 500 trading days before and after the same 2 signal dates. The complex coordinate should top out and head down by the next update in my opinion.
Fourth comes the latest update of the Monthly DJIA line chart.
Fifth comes a line chart of Peter Eliades' CI-NCI Ratio. That this indicator is topping out should be obvious in a few trading days in my opinion.