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Strategies & Market Trends : Complacency Indexes
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To: TechTrader42 who wrote (567)2/22/2002 11:24:08 PM
From: Sherman Chen  Read Replies (2) of 1487
 
With the reversal off the intraday lows in the CI's today, doji's on the COMPX, NDX, SOX, and bullish engulfing on the DJIA, I upped to 60% in 401k account today. I know it could still turn down from here, but at least I didn't get in 85% at the recent top like Joey Bagadonuts recommended. Unfortunately, next week I'll be working at a remote hydroelectric power station far from civilization and won't be able to stay glued to my screen waiting for the CI's every morning. I hate it when work gets in the way of losing money. At least they have broadband wireless internet access up there, but I'll have to bump an operator off so I can borrow his terminal to take a peak. Have a good weekend.
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