what was with that close, page-48

Hi Volt,

Rudi Filapek - Vandyck, Editor FNAreana is saying a similar thing using the Coppock Indicator.

http://www.fnarena.com/index2.cfm?type=dsp_newscat&c=9
Not There Yet

This is just a short Extract

This may seem like an odd thing to say but what we are witnessing on international equity markets is the preparation for the next bull market. I am not making this statement for the sake of finding someting positive to say; this month the Coppock Indicator has fallen below zero, indicating the next bull market lies ahead of us.

I realise that most of you will have never heard of this indicator. That's not so strange given the Coppock Indicator is rather seldom used and referred to. This is not because it's unreliable, or too exotic -in fact the Coppock Indicator has a solid reputation- it's just that this particular indicator was originally designed to help long term investors in deciding when to step into the share market; it signals when a new bull market is being established and as such, as everyone will understand, this indicator only becomes useful every six years or so.

The last time the Coppock Indicator signalled the birth of a new bull market was in May 2003 - we all know now that was when the commodities driven uptrend of the past four years found its origin. The second last time was in 1995: back then Australia was climbing out of the doldrums of the "recession we had to have" and banks were at the early stages of what would ultimately become a golden era for the financial sector.