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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (6475)	2/4/2001 8:12:21 AM
From: LaVerne E. Olney	Read Replies (1) \| Respond to of 19219

Hi Robert: The Coppock curve charts ( users.chartertn.net ) are interesting, but basically they are simply comparing current market momentum to one year ago. Both the DOW and NYSE curve slopes have recently turned positive: WEEKLY COPPOCK OSCILLATORS Index Name 01/05/2001 01/12/2001 01/19/2001 01/26/2001 02/02/2001 DOW JONES & CO 30 INDUSTRIALS -2.25 -2.38 -2.43 -2.22 -2.17 STANDARD & POORS 500 INDEX 7.78 6.69 5.84 5.18 4.23 NEW YORK STOCK EXCHANGE COMPOSITE 8.36 8.33 8.41 8.76 8.83 NASDAQ OTC INDEX COMPOSITE 34.09 28.38 23.10 17.94 12.48 WILSHIRE 5000 5000 INDEX 10.36 8.92 7.67 6.59 5.18 I expect the NASDAQ Coppock curve to go significantly negative before it finally turns, but it should always be considered a lagging indicator to the market. Here are a few links explaining the Coppock curves: users.chartertn.net consensus-inc.com 208.149.178.115 208.149.178.115 208.149.178.115 Message 10133590 Message 10204213 Message 11659119 Message 12222194 Regarding the yield curve, I think it's going to take one more FOMC move to get the yield curve into a normal pattern ( smartmoney.com ), but at least it has not been inverted since 1/18/2001 (using 90-day/10-yr). We discussed the COT last week on this thread; I am generally discounting its revelations! leo