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Sensex : 10527
Coppock Indicator
Coppock Indicator is a very useful long term indicator in indentifying Bull Markets.Edwin Coppock developed the Coppock Indicator with one sole purpose: to identify the commencement of bull markets. The indicator was devised for use on the Dow Jones Industrial Average but is suitable for use on other market indices or averages. A bull market is signaled when the Coppock Indicator turns up from below zero(means from -ve towards +ve value). By Applying the Coppock indicator to the sensex it is clearly visible that from the last 11 years we had witnessed two bull runs. The First Bull Run Started during the middle of 1999 and extended upto 2000( a very short Bull run) after a long gap of years(2000-2003) the next bull run started which is also clearly witnessed from the coppock Indicator. Now the value of the Coppock Indicator is just below the zero(-15.727) Simply Wait for the Bull Signal to arriveTo be honest it may takes several months or years to arrive. These are the Best times to invest from markets not to runaway from it. Dont be a Coward….Go Long Term
To calculate the Coppock Indicator:
1)Calculate 14 month Rate of Change (Price) for the index. Use monthly closing price.
2)Calculate 11 month Rate of Change (Price) for the index. Use monthly closing price.
2)Calculate 11 month Rate of Change (Price) for the index. Use monthly closing price.
Add the results of 1 and 2.
Calculate a 10 month weighted moving average of the result.
Dow Jones and Coppock Indicator
Catch the Theme Behind it. Yourself
Tough Times Ahead. But Best Times to Invest
