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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who wrote (1468)7/20/2002 10:15:33 AM
From: bob wallace   of 1487
 
I thought Barrons had a really good issue today...

funny thing is I took it as sorta bullish, even though
they were predicting 700 on the S&P and 1100 on the Naz...
actually, to get as low as the NDX, SPX needs to be about 310

I guess the reason [for being positive] is that I am trading the NDX and that is already down 80%, and several folks were talking base building - a trader should be able to make money in base building - the question is, of course, whether or not I am actually a trader

the NDX plunged without taking the SPX along for the ride, and it will be interesting to see what happens to the NDX as the SPX/DOW plunge...
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