Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: John Carson who wrote (240)	10/3/2001 6:17:37 PM
From: TechTrader42	Read Replies (2) of 1487

John: Here's where the indexes are now. The last col. is yesterday's numbers. The first col. of numbers is today's numbers at the close. ST Naz CI: 89.622 84.569 MT Naz CI: 72.884 65.061 LT Naz CI: 60.896 57.463 ST S&P CI: 97.425 91.900 MT S&P CI: 77.225 70.145 LT S&P CI: 65.344 62.780 As you can see, the market is overbought in the short term, but in the midrange long term. The sell/short signal will occur when the ST CI's pull back strongly. That hasn't happened yet. As I've said before, the CI's can reverse direction at any time. They can't be used to predict the market.

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