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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (11106)3/7/2002 11:34:17 PM
From: nsumir81  Read Replies (1) of 19219
 
My point is...market is not higher because of Coppock

The Coppock is one way of telling you something about the market supposedly. And note the article says that this technique cannot produce sell signals.

btw another message says this is a shallow buy signal, fwiw?.

A signal/system is only good if you can also produce a signal that tells you of significant downside or when to sell.

When to buy? No-brainers in a RELATIVE sense. Hence, they say think long-term when buying. Real long-term.

And forget the Dow or market-cap weighted indices - a
wonderful concept to keep stuff looking resilient and levitating or both.

Individual stocks that I and others I know were invested/positioned in at one point or the other have been decimated and are not showing any signs of coming back. Lucky I am out of them.

Classic example was how many communication stocks went lower than Sep 11 recently. It only shows how fallacious it is to look at indices (which are also juggled around to add to the confusion and illusion) and extraneous events as somehow establishing a 'bottom'.

A bottom maybe. The bottom?

The past is gone, yes. But do not bury the lessons from the past.

Learn from the past. Because the past can repeat. Like history.

Think outside the box on BOTH sides.

Ok now I will honestly turn off my computer.

Gnight all.
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