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hi Bill,
* it seems to me, that with this and other postings you are, perhaps, a
little out of topic with this list, isnt'it mr. Fiedor? If you are
looking for a pranker's list just ask, I'm sure many on this list will
be be glad to give some links to you, there you'll find all the
buffoonery you are wishing to get, and best of it you'll feel at ease
and absolutely in theme.
And please, before to depart for good or behave, say your excuse to Jim.
Have a nice day.
G. Gaydou
bill fiedor wrote:
> Is Coppock related to Poppycock???
>
> Andreas Grau wrote:
>
> > All,
> >
> > I took the following text from the Equis web-page:
> >
> > <snip>
> > The oscillator is also based on adaptation-level, although in a
> > slightly different way. Oscillators generally begin by calculating a
> > percentage change of current price from some previous price, where the
> > previous price is the adaptation-level or reference point. The mind is
> > attuned to percentage changes because they represent returns. If you
> > bought Microsoft Corp. stock (MSFT) at $50 and it goes to $80, you
> > make 60% before dividends. If you bought Berkshire Hathaway (BRK) at
> > $4,000 and it rises to $4,030, the same dollar gain, you make 0.75%
> > before dividends. It's the percentage change that counts. Relativity
> > again.
> >
> > Coppock reasoned that the market's emotional state could be determined
> > by adding up the percentage changes over the recent past to get a
> > sense of the market's momentum (and oscillators are generally
> > momentum indicators ). So if we compare prices relative to a year
> > ago - which happens to be the most common interval - and we see that
> > this month the market is up 15% over a year ago, last month it was up
> > 12.5% over a year ago, and 10%, 7.5% and 5%, respectively, the months
> > before that, then we may judge that the market is gaining momentum
> > and, like a trader watching for the upward crossover of the moving
> > average, we may jump into the market."
> >
> > The MetaStock™ formula for the Coppock Curve is:
> >
> > (MOV(ROC(MOV(C,22,S),250,%),150,E))/100
> >
> > <snip>
> >
> > While I can accept the idea behind, I wonder if comparing years is
> > still
> > a valid approach for fast changing high-techs - can someone please
> > elaborate on that? I am especially curious, if Coppock can be regarded
> > as a long-term indicator, valid for defining entry/exit-points. Can
> > coppock be regarded as an "adaptive support/resistance-line"?
> >
> > Kind regards from Germany,
> >
> > Andreas
> >
> > N.B. Please accept my excuses for extensively quoting from a probably
> > well known text.
> >
> > ---
> > Andreas Grau
> > Reality is an illusion - Perception is what counts
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