SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Complacency Indexes
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sherman Chen who wrote (483)2/8/2002 4:29:02 PM
From: TechTrader42  Read Replies (1) of 1487
 
The danger is that the LT CI's are still very overbought. That's something that raises a big caution flag. There are other factors that could bring this market down at any time. At any rate, the market is always unpredictable.

As for the CI's, I remind anyone reading this thread that they look back, not forward, and at no time would I suggest trading based on them. You might as well traded based on the toss of a coin. The CI's in no way predict future prices. Guesses shouldn't even be made based on them.

I'd also urge anyone trading to use stops and protect capital. And most important: Develop your own systems and rely on them. People without much experience in trading or TA shouldn't even trade. People making haphazard guesses on the direction of the market will lose money. People put far too much faith in TA indicators. For most traders, they turn into a tool for addictive gambling.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News