Update of Post Coppock Curve Buy Signal Patterns in Phase Space

By: Gerald Hoopes | Thu, Feb 12, 2004
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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 first 178 trading days after the 4/28/78 and 5/30/03 deep monthly DJIA Coppock Curve buy signals.

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.

Fourth comes the latest update of the Monthly DJIA line chart.

Fifth comes a line chart of Peter Eliades' CI-NCI Ratio.

In my January 31, 2004 communication I discussed what is required to preserve the post-signal pattern pair in the Monthly DJIA.

Meanwhile, the pattern pair in Cycloops phase space is unfolding fairly well. The log of the Six by Ten Trin, as shown by its line chart, is cooperating fully. The complex coordinate, however, as shown by its line chart, is too high, and must scoot back down to the coral path in the coming months for the pattern pair to persist. That current high position of the complex coordinate is the fault of its Six by Ten CI-NCI Ratio component, which has been unexpectedly high for many months. This condition will soon start to be corrected, though, as the line chart of the pure CI-NCI Ratio predicts, but will take many months of negatively biased breadth to accomplish in full.


Author: Gerald Hoopes

Gerald Hoopes

An explanation of the Coppock Curve can be found at How to Calculate the Coppock Curve. An archive of Geralds comments can be found in the forums at www.longwaves.net.

This analysis is for academic purposes only and must not be construed as investment or trading advice.

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