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Update of Extension of Post Coppock Curve Buy Signal Patterns

Here's an update of the 5 charts shown in my May 21, 2004 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 from 250 to 500 trading days after the 4/28/78 deep Monthly DJIA Coppock Curve buy signal and from 250 to 310 trading days after the 5/30/03 signal. This is actually an update of the 4th chart in my June 11, 2004 communication.

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.

Regarding the possible pattern pair under consideration here, whether it be a genuine one or merely one by coincidence, not much can be gleaned from the scatter chart this long after the relevant Coppock Curve buy signals. Turning to the line charts, notice that the current CI-NCI Ratio should soon intersect the earlier case to the downside after having been above it for more than a year. Similarly, the Six by Ten CI-NCI Ratio should do so in several weeks. The Six by Ten Trin, meanwhile, continues to emulate the earlier case fairly well. It is still too early to know what all this means with respect to the Monthly DJIA, which after all is where a genuine pattern pair would matter most.

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