Coppock Curve and Dovish Feds

The Felder Report discussed the Coppock Curve. I can see both a bullish and bearish interpretation. It confirms the 50-month moving average hold being a correction with the Coppock down a little more than in most corrections and similar to the 1987 crash move. It bottomed well after stocks began their rally.

The other chart shows how the bulls interpreted the Fed's pivot in August 2007. A very bullish reaction in September 2007 when another rate cut followed and then the top shortly thereafter.