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Strategies & Market Trends : Complacency Indexes

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To: bob wallace who wrote (1467)7/19/2002 7:27:16 PM
From: TechTrader42  Read Replies (1) of 1487
 
For the S&P, the CI's are all near 0. For the Naz, the CI's rose today, despite the plummeting index. The short-term CI ended at around 65, up from about 50 yesterday. What does the divergence mean? With options expiration, it could mean anything.

I can't help wondering whether the S&P will head to the 750 level. The weekly chart for the Naz shows some support around 1250.

The bear klowns sure are getting killed in this market, aren't they? It's turning out just as the permabulls predicted.
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