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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject1/28/2002 3:41:18 PM
From: TechTrader42  Read Replies (1) of 1487
 
Here, fellow wagerers, are the CI's at this point today, with Friday's in last column:

ST Naz CI: 98.422, 91.879
MT Naz CI: 98.422, 91.879
LT Naz CI: 99.732, 98.906

ST S&P CI: 94.486, 98.496
MT S&P CI: 94.486, 98.496
LT S&P CI: 99.379, 99.831

It would be nice if the Naz CI's could close way up there, to kiss the Naz good night under a starry, starry sky, as it were.

That's my spin, but it's all speculation. The markets defy any attempts at prediction, and all efforts come down to guesses. My own guesses are never particularly good, so if you're looking at the CI's apply your own interpretaion. Two possibilities: Breakout to higher levels, as CI's hover at extreme overbought levels; or reversal from overbought levels.

Even if your predictions are right, you're guaranteed to have a bumpy ride with your trades in this volatile market. You might be right and get shaken out. So proceed with caution.

The numbers are going up as I type:

ST Naz CI: 98.665
MT Naz CI: 98.665
LT Naz CI: 99.774

ST S&P CI: 100.000
MT S&P CI: 100.000
LT S&P CI: 100.000

Hooh-boy. Will ya look at that?
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