The value of the Coppock Guide signals low risk buying opportunities. When there is a double top near the market peak of the S & P 500, and a bear market ensues, once the Coppock Guide bottoms and turns up, great buying opportunities are present. Double tops in the Coppock Guide are called killer waves because after a double top the average market decline is 42% if we exclude the 86% drop of 1929.
The coming bear market will see the S & P 500 down near 1,000. It is difficult to say when this will happen but after a double top on average the bear market follows soon. My guess is that we will be in that killer wave bear market within 6 months. There have been 7 killer waves in the last 100 years; 1929 (-86%), 1946 (-29%), 1969 (-36%), 1973 (-48%), 1987 (--34%), 1998 (-49%), and 2007 (--57%). There have been no false signals when the Coppock Guide has a double top. Once the Coppock Guide bottoms and turns up, the bear market is over and that is where great buying opportunities occur.