Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: donald sew who wrote (11338)	7/10/2001 8:47:40 PM
From: TechTrader42	Read Replies (1) of 52237

The S&P Complacency Index is at 1.26 now, down from 28.6. Does that mean it'll bounce here? Not necessarily, but it's a good indication that the S&P is oversold. The previous low was 4.6 on 6/14. It was below 10 on March 21, too (6.1, to be precise). I'm surprised to see that the Nasdaq Complacency Index is at 5.7, down from Monday's 43.9. So I guess the Naz is oversold, too. It was last under 10 (at 6.4) on April 6. Everyone seems pretty bearish now. When the market's up, they're bullish. When it's down, they're bearish. But maybe the outlook really is bleak, and that everyone who was lucky enough to short IBM today (based on a rumor of a warning) will make a killing.

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