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Strategies & Market Trends : Complacency Indexes

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To: Sherman Chen who wrote (509)2/15/2002 12:16:34 PM
From: TechTrader42   of 1487
 
T'ain't work, Sherman. If it were work, I'd quit doing it. It basically involves staring stupidly into a crystal ball and making wild guesses, based on the actual numbers and a few deluded, speculative, nugatory notions. We've got a quiet little thread here featuring an undefined, unproven system that's probably wrong at least half the time. But since it's all so hazy, we can't measure its performance. That's what makes it so much like all other TA systems, I guess.

Anyway, here are the latest numbers:

ST Naz CI: 71.911 99.155
MT Naz CI: 71.911 99.155
LT Naz CI: 91.107 99.776

ST S&P CI: 77.656 85.419
MT S&P CI: 77.278 85.419
LT S&P CI: 90.005 94.964

In truth, one chuckles a bit over today's drop in the Naz numbers. The Naz CI's did hit 100 near the close yesterday. Bull's-eye, ya know. Heh, heh, heh.
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