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: TechTrader42 who wrote (27198)	1/7/2002 10:36:21 PM
From: TechTrader42	Read Replies (1) of 52237

Here are the complacency indexes for today and Friday. ST Naz CI: 66.457, 80.706 MT Naz CI: 68.588, 80.706 LT Naz CI: 94.267, 96.478 ST S&P CI: 94.156, 97.990 MT S&P CI: 95.48, 97.99 LT S&P CI: 99.238, 99.661 Today's numbers for the S&P show a reversal from extreme overbought conditions. Intraday near the close Friday, all the S&P CI's were above 99. The S&P was overbought in all time frames. The Naz didn't look quite as overbought in the ST and MT, though it was at an extreme in the LT. Complacency will fall significantly at some point. It remains to be seen when it'll plummet, and why.T A looks back, not forward. We can make educated guesses based on it, but that's about it. Certainty about the future is a delusion.

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