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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject1/9/2002 7:26:44 PM
From: TechTrader42  Read Replies (1) of 1487
 
Here's how the CI's ended the day:

ST Naz CI: 60.678, 72.487
MT Naz CI: 63.176, 74.235
LT Naz CI: 93.279, 95.297

ST S&P CI: 58.112, 81.416
MT S&P CI: 76.333, 89.500
LT S&P CI: 95.993, 98.222

Downtrend intact for S&P. Reversal back down for Naz. Overbought in MT and LT for S&P, and in LT for Naz.

Pullback from levels near 100 last week seems to indicate the market could have entered a new downtrend.

But who knows?
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