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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: westes who wrote (51940)5/24/2000 1:12:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Here's a list of the current holdrs:

quote.yahoo.com

They're exchanged-traded mutual funds put out by Merrill Lynch. They group a fixed list of 20 stocks of a specific business category. You can probably get a list of spyders, holdrs, vipers, and ishares, all exchange-traded funds, at the Nasdaq-Amex site. You can also look them up under the Defined Portfolios under Mutual Funds at the Schwab web site. The holdrs are committed to buying the shares of the stocks at the closing price the day before the holdr shares start trading.

Coppock is a price only technical indicator which measures the rate of change of an index or security. I think the Equis web site has a description of the formula. It's an average of two rates of change, I believe 12-weeks and 14-weeks. So, if the plot of the Coppock indicator is up, the long-term trend is up. Here's a sample plot:

ianforum.com

It's not a short-term timing indicator. It's often that it will start to turn up on the second intermediate bottom, i.e., the retest bottom, in the market. And similarly or conversely, on multiple tops.