• 14 hours TikTok Is Becoming A New Battleground For Tech Politics
  • 19 hours Peru's Mining Industry Pummeled As Coronavirus Cases Surge
  • 21 hours Why The World Is So Divided In Its COVID-19 Response
  • 2 days Equities Cheer Stellar Jobs Report, But It May Be Fleeting
  • 3 days Is Tech Billionaire Peter Thiel Done With Trump?
  • 3 days Musk Takes To Twitter To Troll The SEC
  • 4 days Lunar Mining May Commence As Early As 2025
  • 5 days Immigration Will Go Bust Without $1.2B Bailout
  • 5 days The Economics Of The Space Race
  • 6 days Why The World's Central Banks Aren't Yet Sold On Renewables
  • 7 days How Much More Cash Can Uber Burn?
  • 7 days Inside The Biggest Counterfeit Gold Scandal In Recent History
  • 7 days EU-U.S. Trade Relations Are Deteriorating
  • 8 days Over 184 Companies Have Bailed On Facebook
  • 8 days BP Sells Petrochemical Business For $5 Billion
  • 8 days U.S. Moves To Secure Domestic Rare Earth Supply
  • 9 days E-Commerce Explodes As Boomers Go Digital
  • 9 days Major U.S. Cities Are Turning To Renewables
  • 10 days Economic Reopening Backfires, COVID Surge Snaps Recovery
  • 10 days How Are Low Car Sales Impacting The Metals Market?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Update of Post Coppock Curve Buy Signal Patterns

Here's an update of the 5 charts shown in my October 21, 2003 communication:

First comes a scatter chart in which the CI-NCI Ratio smoothed by six 10-day moving averages is plotted against the NYSE Trin smoothed by six 10-day moving averages. The time span covers the first 142 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 showing the 24 months before and after the same 2 signals.

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

The CI-NCI Ratio appears at last to be topping out. Based on its formula alone (it being a 189 day moving average) the overall trend of this indicator should be biased downward for the next 9 months, even if the DJIA rises. This is because the many positive daily A/D readings which occurred since the start of April have begun dropping out of the equation. A down DJIA would only accentuate this effect.

Meanwhile, the Six by Ten CI-NCI Ratio should top out in about a month. In the coming months, that indicatior should show up in the above scatter chart as a move to the left by the current (green) curve. For it to emulate the 1978 (coral) curve by dropping steeply downward while edging left, a down DJIA in early 2004 would no doubt be required to generate enough large Trin readings.

Back to homepage

Leave a comment

Leave a comment