Elliott Wave and Index Trends with POKERSAM Message Board

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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM

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To: re3 who wrote (1568)	10/31/2023 7:15:02 AM
From: GROUND ZERO™	Read Replies (1) of 1764

Well, today is October 31st, if the $INDU closes below 33544.00 then this will undo the buy signal the Coppock Curve gave on March 31st of this year... The Coppock Curve has not given a false buy signal in more than 100 years... When the buy signal is nullified then the markets could still move higher and eventually give another buy signal or it could rally and also move lower... A nullified buy signal does NOT mean to short the market, it only means that the risk of buying has significantly increased since the market has entered no man's land and can move as much in both directions, e.g., a mostly aimless and directionless market... If the market does move higher and continue higher consistently, then it would give another buy signal probably in another month or two... This of course is a very slow moving indicator and is typically used to confirm more near term indicators... Message 34456291 GZ

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