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 :)))
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Last
8,565.0 |
Change
-15.100(0.18%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,580.1 | 8,580.1 | 8,558.3 |
| XJO (ASX) Chart |