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

To: J.T. who wrote (7661)	5/1/2001 10:25:44 AM
From: LaVerne E. Olney	Respond to of 19219

The DAILY SPX Coppock is the one on the frontpage of Market Sentiment ( users.chartertn.net ) and the WEEKLY SPX Coppock is graphed here ( users.chartertn.net ). The "Direction" tab at the bottom of the page will give the values for the weekly Coppocks. As shown, the DAILY SPX has been rising for 4 days but the weekly SPX is still in a downtrend. Basically, all the Coppocks are in a transition area; 3 out of 4 are in negative territory. Unless some huge negative hits the market, one would assume that these would resolve in a positive fashion. topline-charts.com Coppock Curve Interpretation Buy and Sell Signals There are two commonly accepted ways of determining buy and sell signals from a Coppock Curve. The first is to trade on reversals from extremes. When the indicator was published in Barron’s (1962), it was intended to generate buy signals in the S&P 500 only, and the suggested signal was an upturn in the Coppock Curve from an extreme low. The second interpretation involves divergence analysis. The initial thrust off of a low in the stock market is often accompanied by the highest Coppock Curve reading (peak momentum). Subsequent advances tend to be accompanied by diminishing momentum (lower peaks on the Coppock Curve). That combination of a higher peak in price accompanied by a lower peak in the Coppock Curve creates a bearish divergence. Those signals warn of a weakening, aging advance, but often precede the ultimate top. MANU is a long-time holding of mine and an excellent trading stock. Currently, it is enjoying a very strong outlook and seems to be regaining its foothold in the B2B sector, overtaking ITWO.