PowerStocks Labs are proud to launch another bow in the arrow of its revolutionary PITBULL market entry/exit timing system for investors.
In a first for South Africa, we have backtested the famous Coppock/Trendex Curve Indicator on the JSE going back 33 years to verify its effectiveness on our local market. In another first for the South African investing public, we will be maintaining a live daily Coppock/Trendex curve which we will publish weekly with our PITBULL Weekly Market Timing Update, which is published every Monday.
The Coppock Curve, is a widely watched indicator that has an uncanny accuracy for predicting big stock market bottoms, and has only generated a JSE BUY signal 8 times in the last 33 years, with 87.5% accuracy. In a rare event for the JSE, we had a 9th BUY signal generated on 20th May 2009, as depicted below. This BUY has also been confirmed on several international bourses.
In addition to incorporating Trendex for ALSH into their PITBULL Market Timing System, PowerStocks Labs intends to publish and maintain live Trendex curves for several JSE indices and Bluechip shares to assist their subscribers with market entry/exit timing.