The last day of each month means that we can review the Coppock Curve. Below I have the data of the curve from when the index made its first reversal since hitting bottom in the month of May.
- Apr 2009: -388
- May 2009: -383
- Jun 2009: -378
- Jul 2009: -359
- Aug 2009: -321
- Sept 2009: -266
A visual representation of the same data can be found in the chart below.
If you'd like a long term perspective on the Coppock then click on the link from my end of May posting. The predictive value of the Coppock Curve over the long term has been eerily prescient. Please read my end of July notes on the Curve, as I stated that I wouldn't be satisfied with the rising trend of the index unless it went above the -260 level over a subsequent 3 month period. Without this happening I would believe that we've received a false signal as per the May 2002 "fake out." If the month of October remains around the current level then my parameters would have been met which would suggest that Dow 12,000 could be in the cards.
The market's ability to remain at current levels thus far continues to confound me, however I think that discussions of a disastrous October will be turned on its head just to perplex the critics of the market rise since March 9th. I'd go so far as to suggest that if we have a melt up then I wouldn't be surprised. Hold onto your hats everybody, here comes October.
Sidebar:
In an upcoming post, I will provide what I believe to be astounding data on Northwest Natural Gas (NWN.) For those who I have personally discussed the company with, please refrain from any action on this stock until I publish what could prove useful in your analysis of this Dividend Achiever. Touc.
The market's ability to remain at current levels thus far continues to confound me, however I think that discussions of a disastrous October will be turned on its head just to perplex the critics of the market rise since March 9th. I'd go so far as to suggest that if we have a melt up then I wouldn't be surprised. Hold onto your hats everybody, here comes October.
Sidebar:
In an upcoming post, I will provide what I believe to be astounding data on Northwest Natural Gas (NWN.) For those who I have personally discussed the company with, please refrain from any action on this stock until I publish what could prove useful in your analysis of this Dividend Achiever. Touc.
Please revisit Dividend Inc. for editing and revisions to this post.
