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 217 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. While the complex coordinate, as shown by its line chart, has been too high (because of its Six by Ten CI-NCI component) it is now dropping, but the move will take more negatively biased breadth to accomplish in full.