Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject	6/12/2002 4:00:59 PM
From: TechTrader42	of 1487

CI traffic lights: Green. Reversal today off levels very close to 0 (yesterday's closing values) with Naz CI's. No capitulation near 0 in LT with S&P CI's yet, but they did reverse back up in all time frames today. They're now near 30. The reversals are buy signals. But the CI's could reverse down as quickly as they've reversed up. Also, BUT: The CI's are so unreliable and changeable that trades can't be based on them. And any trades based on anything should have tight stops in this extremely volatile market. So the CI's are strictly for discussion of TA, and not to be used for a trading tool.

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