• 406 days Will The ECB Continue To Hike Rates?
  • 406 days Forbes: Aramco Remains Largest Company In The Middle East
  • 408 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 808 days Could Crypto Overtake Traditional Investment?
  • 813 days Americans Still Quitting Jobs At Record Pace
  • 815 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 818 days Is The Dollar Too Strong?
  • 818 days Big Tech Disappoints Investors on Earnings Calls
  • 819 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 821 days China Is Quietly Trying To Distance Itself From Russia
  • 821 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 825 days Crypto Investors Won Big In 2021
  • 825 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 826 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 828 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 829 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 832 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 833 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 833 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 835 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Update

I. The 24 month experiment I undertook in my August 31, 2003 communication is done. In the Monthly DJIA the two cases 4/28/78 and 5/30/03 are definitely NOT a pattern pair.

II. I will not update the Cycloops Chart and the line charts of its 2 coordinates (which I last updated in my March 14,2005 communication), or the Scatter Chart and the line charts of its 2 coordinates (which I last updated in my April 12, 2005 communication), or the line chart of Peter Eliades' CI-NCI Ratio.

III. Patterns in the Monthly DJIA are not explained by patterns in the Cycloops Chart or the Scatter Chart. I say this because the 9/30/42 case, which I showed in my June 10, 2003 communication to be similar to the 4/28/67 and 10/31/88 pattern pair with respect to the Cycloops Chart and the Scatter Chart, is surprisingly similar to the 5/30/03 case with respect to the Transformed Coppock Curve, which I introduced in my June 1, 2004 communication.

IV. And, more importantly, the 9/30/42 and 5/30/03 cases are similar in the Monthly DJIA itself.

V. Meanwhile, the 8/29/47 case, which I also discussed on June 10, 2003, and which shows similarity to the 1/31/63 and 8/31/82 cases with respect to the Cycloops Chart and the Scatter Chart, appears similar to that same pattern pair in the Transformed Coppock Curve and, to a lesser extent, in the Monthly DJIA.

VI. Given the foregoing, it seems that classifying the pattern of the Transformed Coppock Curve's path over the 31 months culminating in a deep or very deep buy signal is sufficient to predict the pattern class of the Monthly DJIA's path over the 48 months straddling such a signal. In other words, it seems that during the four years straddling a such a signal the Monthly DJIA is mainly some lagged function of the Transformed Coppock Curve.

VII. The ideal would be that the pattern class of the Transformed Coppock Curve's 31 month pre-signal path is sufficient to predict pattern class of the Monthly DJIA's 24 month post-signal path.

The following chart shows that the Coppock Curve is now approaching the zero line. In a year or two there will probably be another deep buy signal. At that time I, and anyone else caring to chart the Transformed Coppock Curve, may investigate this supposition further.

 

Back to homepage

Leave a comment

Leave a comment