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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: JRI who wrote (11359)7/11/2001 11:28:08 AM
From: TechTrader42  Read Replies (1) of 52237
 
The index uses EOD data, JRI, so I can't give you an intraday update. My guess is that so far, it's still moving lower, from extreme oversold levels to even more extreme oversold levels. It would take a rally for the complacency index to turn back up.

Of course, it could linger here while the markets continue down. Sentiment is very bearish right now. To me, that's a contrary indicator, but maybe the crowd finally has it right this time. Who knows? I'm just sitting here under my favorite highway overpass, soaking up the ozone with the gloom & doom, and fretting over earnings warnings and Argentina's debt.
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