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 157 trading days after the 4/28/78 and 5/30/03 deep monthly DJIA Coppock Curve buy signals. The current path should swing around to the left by the next update in my opinion.
![](http://static.safehaven.com/authors/hoopes/1229_a.gif)
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. The complex coordinate should top out and head down by the next update in my opinion.
![](http://static.safehaven.com/authors/hoopes/1229_b.gif)
![](http://static.safehaven.com/authors/hoopes/1229_c.gif)
Fourth comes the latest update of the Monthly DJIA line chart.
![](http://static.safehaven.com/authors/hoopes/1229_d.gif)
Fifth comes a line chart of Peter Eliades' CI-NCI Ratio. That this indicator is topping out should be obvious in a few trading days in my opinion.
![](http://static.safehaven.com/authors/hoopes/1229_e.gif)