Update of Post Coppock Curve Buy Signal Patterns in Phase Space

By: Gerald Hoopes | Tue, May 11, 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 238 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 (inverted) log of the Six by Ten Trin, as shown by its line chart, is cooperating fully. The latter's bounce, however, combined with a still too high Six by Ten CI-NCI Ratio, has resulted in an extraordinary bounce in the Complex Coordinate. When the log of the Six by Ten Trin "drops" again, and the Six by Ten CI-NCI Ratio works its way lower over the coming months, the Complex Coordinate should drop down to where it belongs with respect to pattern pairing.


 

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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