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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Gary105 who wrote (57190)	2/9/2014 7:05:28 PM
From: GROUND ZERO™	1 Recommendation Recommended By D.Austin Read Replies (2) \| Respond to of 218278

Thanks, and I think you're right about the light blue line, good eye... that light blue line represents the 10 month weighted moving average of the Coppock curve... those particular peaks you reference do correspond to a 1999 5000 and a 2007 7000 DOW point pull back respectively... the current down turn in that same light blue line represents the current 1200 DOW point pull back we've just had... the question here is whether this current down turn in the Coppock curve is the beginning of something more significant or just another blip down turn before this market heads higher... my own main model had been short from near the top when that down turn began, but I just had a confirmed buy signal earlier this past week... at least for me, I would need to have another confirmed sell signal for my own main model and then see further selling to continue the 10 month weighted MA of the Coppock curve along with the rest of that index continuing lower... So, longer term, we may have a meaningful top already in place, but more near term we're looking at a rally for now... whether this rally will continue into new highs or turn back downward still remains to be seen... I suppose, as they say, the jury is still out on this one... GZ