• 321 days Will The ECB Continue To Hike Rates?
  • 322 days Forbes: Aramco Remains Largest Company In The Middle East
  • 323 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 723 days Could Crypto Overtake Traditional Investment?
  • 728 days Americans Still Quitting Jobs At Record Pace
  • 730 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 733 days Is The Dollar Too Strong?
  • 733 days Big Tech Disappoints Investors on Earnings Calls
  • 734 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 736 days China Is Quietly Trying To Distance Itself From Russia
  • 736 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 740 days Crypto Investors Won Big In 2021
  • 740 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 741 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 743 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 744 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 747 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 748 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 748 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 750 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

Monthly DJIA Update: 5/30/03 & 4/28/78

Here's an update of the 4th Monthly DJIA line chart in my August 31, 2003 communication:

Last year I reported that the Monthly DJIA time paths preceding the 8 deep Monthly DJIA Coppock Curve buy signal dates since 1950 pair off into 4 patterns. Given that 3 of those 4 pairs also comprise POST-signal time path pattern pairs, I wondered if the latest post-signal time path would similarly pair off, after the signal, with its pre-signal partner. I decided to wait, watch, and report the outcome.

The following paragraph still applies:
Here is how things stand: For 5/30/03 and 4/28/78 to comprise a post-signal pattern pair the Monthly DJIA must show a net downside bias from 5/30/03 to 5/30/05, roughly tracking its 4/28/78 to 4/30/80 path. A good course of action in this regard would have been for the green time path to oscillate around the coral time path with the same greater amplitude and same lower frequency it exhibited pre-5/30/03. Instead it rose strongly for many months, showing an even greater amplitude and even lower frequency than before. So, for the two time paths to remain a pattern pair now the green one must nosedive. I estimate that a DJIA drop into the 8,000 neighborhood this year is required to preserve the pattern pair. If that does happen, I will NOT have predicted it. I just observe and report.

Back to homepage

Leave a comment

Leave a comment