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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject12/28/2001 8:18:19 PM
From: TechTrader42  Read Replies (1) of 1487
 
Here's how they ended today:

ST Naz CI: 91.529 98.273
MT Naz CI: 91.529 87.552
LT Naz CI: 98.454 97.087

ST S&P CI: 97.030 98.008
MT S&P CI: 97.030 98.008
LT S&P CI: 98.897 99.039

At one point today, right before the economic data was released at 10 a.m., all the Naz CI's hit 100. The ST and MT S&P CI's hit 100 today, too. The LT one came very close.

The market's overbought, but that doesn't mean it couldn't head higher. CI's at extreme levels can mean breakouts or reversals.
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