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 first 196 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.
The latest 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 (because of its Six by Ten CI-NCI component) and must drop toward the coral path in the coming months for the pattern pair to persist. This seems to be happening (as the line chart of the pure CI-NCI Ratio now predicts) but will take many months of negatively biased breadth to accomplish in full.