Coordinator’s Message

By Brian Matthews

The first article by Colin Nicholson draws attention to the Coppock indicator that he states was designed to do only one thing, indicate the time to begin buying strong stocks for the long term. He notes it has nearly always been a good signal for when we are close to the bottom of the market.

In the July 2009 edition of the Equities Bulletin, Daniel Goulding provided a concise introduction to Elliott Wave Theory. This was followed by further articles in the August and November editions of The Investors' Voice. In his current article Daniel introduces us to ‘The Expanding Triangle’ as he provides us with ‘The outlook for the ASX 200'. Reviewing his earlier articles, we note that Daniel remains 'on-message' as he continues to expect that the market will retest the March low in due course.

Our final article is a review by AIA member Tim Pope of the book by Kel Butcher 20 Most Common Trading Mistakes & How You Can Avoid Them. As Tim points out, some tips can be adapted to longer term investment.

Brian Matthews is a member of the AIA.

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