Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (1568)	10/23/2023 9:04:22 AM
From: GROUND ZERO™	Respond to of 1764

You're very welcome and will definitely do... GZ

To: re3 who wrote (1568)	10/27/2023 12:37:53 PM
From: GROUND ZERO™	1 Recommendation Recommended By POKERSAM Read Replies (1) \| Respond to of 1764

As of this moment, the $INDU has to rally at least 1000 points and close for the month above 33544.00 in the next two market days in order to keep the Coppock Curve buy signal alive... Otherwise, even if the market does rally afterwards it's a very high risk buy and more than likely to be a losing position sooner than later... The is bai dun nomics in full bloom... GZ

To: re3 who wrote (1568)	10/31/2023 7:15:02 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to 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