Post Coppock Curve Buy Signal Patterns

By: Gerald Hoopes | Fri, Jun 27, 2003
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As shown in my June 6 communication, the 8 deep and very deep Monthly DJIA Coppock Curve buy signals which occurred between 12/1/61 and 5/30/03 comprise 4 distinct pairs with respect to trading day time path patterns generated by plotting the Six by Ten CI-NCI Ratio against the inverted Six by Ten TRIN.

The 8 time spans charted are the trading days from the Six by Ten CI-NCI Ratio's (last) dip to 0.9500 until the date of each buy signal; or, when there is no such dip, the 600 trading day time window prior to each buy signal.

The main point in that communication is that the 5/30/03 buy signal shares a time path pattern with the 4/28/78 buy signal. The 4/28/78 signal having been relatively unsuccessful, the implication is that the 5/30/03 may also be relatively unsuccessful.

Now consider the first 250 trading days AFTER each of those 8 signals (except in the case of 5/30/03 which happened only 20 trading days ago.)

So far, these 8 post signal time paths also pair off into 4 patterns, although in the case of 5/30/03 it's far too early to judge.


 

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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