ho hmu its wednesday, page-7

Coppock Indicator

A technical analysis indicator named after Edwin Coppock, an economist who was asked by the American Episcopalian Church to identify cheap buying opportunities for long-term investors.

It is meant to identify the start of a bull market. Coppock thought setbacks in the stock market were like bereavements and required a period of mourning before normal spirits revived.

So he asked the bishops how long it took people to get over the death of a loved one. The answer was between 11 and 14 months.

From this Coppock developed a series of calculations – based on 11 and 14 month rates of price change - designed to signal when stock market mourning could be said to be over.

The indicator's signal does not emerge at the bottom, but comes as a rally is established.

Supporters of the indicator claim that it has signalled rallies to the benefit of investors.

A number of other indicators are based on this measure.

not me 64, dont go to church :)))