What is Motley Fool's logic to declaring a bear market, at this point? Have they been right in the past on a consistent basis?
Below is a chart of the Dow with the daily Coppock curve (14) in red, same obv adjusted in purple, and obv adjusted multiplied by 2 in green. Using Dow data from here:
masterdatacsv.com
Very short term it appears lower, to reset it below zero one more time. But, BPSPX, OEX , Dow was up on a down day Friday. Then, to me, it is the next rally after that where I would want to see if there are significant divergences setting up for a ten percenter +. Seasonals would be at a better point then. WDIK?
There are some interesting charts here to look through:
McClellan summation from 1998, which at the +1000 area appears to be overbought, but could eventually truck higher.
stockcharts.com;
Go to the radio bar in the upper right and there are dozens of studies to flip through.
"There is only one side to the stock market; and it is not the bull side or the bear side, but the right side. -Jesse Livermore
By following distribution days, churning, stalling,& market action one can increase the odds of being correct in ones trading decisions."
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