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Author Message  ingot54 Member Username: ingot54 Post Number: 378 Registered: 05-2004 Rating: N/A Votes: 0 Thursday, February 03, 2005 - 01:52 am:     According to Colin's notes on this indicator (You can find it here : http://www.incrediblecharts.com/technical/coppock_indicator.htm ), this indicator was developed by Edwin Coppock with the sole purpose of identifying the commencement of bull conditions. Originally designed for use on the DJIAA, it is also useful for other indices, exclusively as a long-term indicator. A Google search reveals some companies are using it to signal buy-sell. Indeed, Incredible Charts even has a facility to display Coppock values as "Daily, Weekly, or Monthly." I ran a "Monthly Coppock" over the 12 indices which make up the XJO, and every one except the XTJ (Telecommunications Services Index), were strongly trending upwards. The DJIAA on the other hand, has gone off the boil since 1st June 2004, and very markedly since 1st January 2005. For me, this is a little understood indicator. If the obvious is the case, then Australian indices are in strong bullish trends, whilst the USA indices are the reverse. I find the difference difficult to believe. I remember a common saying : "When Wall Street sneezes, the world catches a cold." I don't think the dissimilarities are as obvious as the Coppock would have us believe. If what this indicator is saying is correct, it has far deeper significance - that Australian stocks now behave largely independently of what happens on Wall Street. Now, one would have to be day-dreaming to miss that the All Ordinaries has powered along for nearly two years, while the Dow has struggled to make new territory, or even hold territory at times! I would really appreciate an explanation of the Coppock, and its relevance, and relationships, if someone knows a bit about it. When the "WHY" is big enough, the "HOW" takes care of itself  ingot54 Member Username: ingot54 Post Number: 1559 Registered: 05-2004 Rating: N/A Votes: 0 Thursday, August 03, 2006 - 01:01 am:     Well, 17 months ago when I wrote the above post, the Coppock Indicator certainly may not have been of much assistance to us here. Things have changed. The Coppock is a MONTHLY indicator. I assume this is so because in order to indicate the turning of WHOLE markets, trends need to be sustainable. Else it would just indicate whipsaws. I find this very interesting, because while few are saying we have a bear market, Technical Analysis certainly does point to one. I say we DO have a bear market, and have had since 11th May, although not truly apparent at that time. But in hindsight, it can be demonstrated that there has been quite a deal of distribution going on in some indices since late 2005. That's not the point of this post. When the Coppock Indicator turns upwards, it signals the return to Bullish conditions. The relevance is: 1) Bears need to operate with caution, as a bottom of the market nears 2) Bulls need to prepare to establish long positions Keep Smiling Trading style :CFD's predominantly long term.  ken Member Username: ken Post Number: 401 Registered: 04-2003 Rating: N/A Votes: 0 Thursday, August 03, 2006 - 09:51 am:     Hello Ingot, Welcome back. Regarding the coppock indicator, I thought it signified the end of a bear market only when it turned up from below zero. Comments anyone? Ken Trade with the trend, not against it. The trend is the direction of the 22ema line (Elder)  tryhay Member Username: tryhay Post Number: 228 Registered: 09-2005 Rating: N/A Votes: 0 Thursday, August 03, 2006 - 10:43 am:     Hi Guys As one who used Coppock for normal share trading in the past that is correct Ken. As Ingot suggests Colin is economical with Coppock details reported but the intended use of the Coppock is for long term use on indices ~ (reference google etc). The familiar monthly graph below shows the 2003 step change in the market was picked by the monthly Coppock and the weekly Coppock appears to show other variations in the XAO with reasonable accuracy. As far as predicting the future of the XAO I guess other indicators will be more useful (say the MACD etc). Monthly graph:

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