I just had to get that title up there. There has been so much written on this obscure indicator that I have to comment - once I figure out its subtleties.
Also, the press and chat room are jumping all over its bullish signal. I am wondering about a contrarian spin.
More when I finish work on my paying job.
3 comments:
Wondering if you find any significance in the divergences yesterday when the SPY's made a new high - no new high in MACD, the RSI or your "offense/defense ratio" using daily charts. Also, the VIX didn't make a new low.
Mike, the quick answer is yes, these things are significant. I am just following the tape right now with my finger on the eject button
Sorry gang, I am not going to get to the coppock stuff today. Perhaps from the airport tomorrow (Wednesday) as I head down to the Pershing Insite conference.
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