• 32 mins Russia Aims To Become World's Top Gold Producer
  • 17 hours Global Tech Stocks On Edge Over Trump TikTok Ban
  • 23 hours Cobalt Squeeze Threatens The Electric Vehicle Boom
  • 2 days COVID Has Sparked A Surge In Cybercrime
  • 2 days Precious Metals Bulls Still Have Plenty Of Room To Run
  • 3 days The U.S. Has The Tech To Go Green, But Will It Use It?
  • 3 days Massive Losses Force Russian Commodities Giant To Slash Dividends
  • 4 days Markets Up On Stimulus Hope
  • 4 days UK To Invest In Europe's First Geothermal Lithium Recovery Plant
  • 5 days TikTok Takes Center Stage In US-China Tech War
  • 5 days Are Semiconductor Stocks Overvalued?
  • 6 days Jobs Report Doesn’t Say Much Amid COVID Uncertainty
  • 6 days Crypto FOMO Heats Up As Bitcoin Climbs Above $11,000
  • 7 days Aluminum Is Bouncing Back In China
  • 7 days The Deep-Sea Mining Debate
  • 8 days Markets Trending Down Despite Tech Blow-Out
  • 8 days Big Oil Battered On Dismal Earnings
  • 9 days Russian Billionaire Bails On Mid-Sized Gold Miner
  • 9 days Gold Stocks Gear Up For A Big Autumn
  • 10 days America Is Looking To Bring Nuclear Power To Space
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.

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. For the two time paths to remain a pattern pair now the green one must nosedive. I estimate that a DJIA drop into (or through) the 8,000 neighborhood by the end of May 2005 (at the absolute latest) is required to preserve the pattern pair.

Given the findings obtained by transforming the Coppock Curve, as presented in my June 1, 2004 communication, there is reason to believe that the latest pattern pair, unlike the other three, is a pair merely by default, and that any DJIA drop to 8,000 would simply be a coincidence. I will continue to update until my curiosity is satisfied one way or the other.

Back to homepage

Leave a comment

Leave a comment