Comments on: Defending The Coppock Guide http://www.tradersnarrative.com/defending-the-coppock-guide-2630.html Freshly squeezed market commentary & analysis Sat, 21 Nov 2009 14:32:53 +0000 http://wordpress.org/?v=2.0.2 by: Babak http://www.tradersnarrative.com/defending-the-coppock-guide-2630.html#comment-41112 Sun, 07 Jun 2009 20:36:46 +0000 http://www.tradersnarrative.com/defending-the-coppock-guide-2630.html#comment-41112 Guy, thanks for your comments. Yes, the S&P 500 is synthetic but even so, the fact that a metric works best for a certain index and not others, or that it works only in equities, isn't a negative. That's just the way it is. I suggest you take a look at the quantification of the Coppock edge from Jason Goepfert. In any case, this is just one indicator. Guy, thanks for your comments. Yes, the S&P 500 is synthetic but even so, the fact that a metric works best for a certain index and not others, or that it works only in equities, isn’t a negative. That’s just the way it is. I suggest you take a look at the quantification of the Coppock edge from Jason Goepfert. In any case, this is just one indicator.

]]> by: Guy Lerner http://www.tradersnarrative.com/defending-the-coppock-guide-2630.html#comment-40911 Sat, 06 Jun 2009 04:55:31 +0000 http://www.tradersnarrative.com/defending-the-coppock-guide-2630.html#comment-40911 Babak Guy from TheTechnicalTake blog! That is correct I used the Dow and noted the two failed signals in 1931; plus I noted the marginal signal in 1938; yes, there were some nice signals along the way, but when I take all signals -below zero and then the indicator turns up - it is just fair; I can do a lot better---better returns, less time in the market, and less drawdown ( a lot less). The problem with the SP500 before 1957 is that it was the S&P90 so that index is synthetic. Another point not mentioned is the fact that the Coppock guide doesn't really work all that well across other assets, and I think this is a definite criteria when thinking about what makes an indicator good. It should work in multiple. I will tell you that Coppock probably works best in the currency market. I have developed an interesting way to use the Coppock and it involves my trading bands that I cited in my article. Lastly, I have been aware of Coppock for over 6 years now and I am familiar with Jim Stack's use of it. If I thought it was useful and made trading easier, I would bring it to the attention of those who read. But alas, we can disagree as I only think it is fair. Looking forward to see what other indicators you use to define the new bull market. Babak

Guy from TheTechnicalTake blog!

That is correct I used the Dow and noted the two failed signals in 1931; plus I noted the marginal signal in 1938; yes, there were some nice signals along the way, but when I take all signals -below zero and then the indicator turns up - it is just fair; I can do a lot better—better returns, less time in the market, and less drawdown ( a lot less). The problem with the SP500 before 1957 is that it was the S&P90 so that index is synthetic.

Another point not mentioned is the fact that the Coppock guide doesn’t really work all that well across other assets, and I think this is a definite criteria when thinking about what makes an indicator good. It should work in multiple. I will tell you that Coppock probably works best in the currency market.

I have developed an interesting way to use the Coppock and it involves my trading bands that I cited in my article. Lastly, I have been aware of Coppock for over 6 years now and I am familiar with Jim Stack’s use of it. If I thought it was useful and made trading easier, I would bring it to the attention of those who read. But alas, we can disagree as I only think it is fair.

Looking forward to see what other indicators you use to define the new bull market.

]]> by: Babak http://www.tradersnarrative.com/defending-the-coppock-guide-2630.html#comment-40871 Fri, 05 Jun 2009 12:47:08 +0000 http://www.tradersnarrative.com/defending-the-coppock-guide-2630.html#comment-40871 just a hunch? :) just a hunch? :)

]]> by: Holly http://www.tradersnarrative.com/defending-the-coppock-guide-2630.html#comment-40864 Fri, 05 Jun 2009 07:33:48 +0000 http://www.tradersnarrative.com/defending-the-coppock-guide-2630.html#comment-40864 Pretty sure it's a false signal this time. Pretty sure it’s a false signal this time.

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