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Strategies & Market Trends : Complacency Indexes

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To: Psycho-Social who wrote (543)2/20/2002 11:36:52 AM
From: TechTrader42  Read Replies (1) of 1487
 
The abbreviations stand for short-term, midterm and long-term Nasdaq and S&P complacency indexes, psysocmarper. The midterm one uses a slightly different formula than the short-term one, but the values are almost always the same or close. Midterm may be a misnomer. The first column gives the most recent values (intraday during market hours), and the second column gives the previous trading day's closing values.

I can't add to the stuff in the subject heading on them. I don't know whether they're useful or not. I wouldn't base trades on them. I began posting them as something of an experiment. They're designed only as a rough guide on how complacent traders are, based on demand for puts and calls. Some might see them as a contrary indicator.

Here's where they are now:

ST Naz CI: 45.935, 46.251
MT Naz CI: 45.935, 46.251
LT Naz CI: 82.882, 82.982

ST S&P CI: 41.258, 45.630
MT S&P CI: 47.995, 43.135
LT S&P CI: 76.169, 74.014

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