Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject	2/27/2002 10:50:18 AM
From: TechTrader42	of 1487

Progress: ST Naz CI: 75.924 72.228 MT Naz CI: 75.924 72.228 LT Naz CI: 92.377 91.207 ST S&P CI: 94.053 78.067 MT S&P CI: 95.116 77.534 LT S&P CI: 95.080 88.856 All the predictions and revisions on SI have been hilarious as usual. Everyone, it turns out, was right in hindsight. Even those who said the downturn would continue without significant bounces were right, curiously enough. The reasoning is somewhat difficult to follow for those outside the fold, but that only points to our own failings. We need to make a stronger effort to believe, I suppose. What a ridiculous pursuit TA can be at times. Much of it seems to take place in the world of hopes and dreams, in the realm of imagination. I suppose the idea is that if someone made a wrong prediction in the past -- perish the thought -- they could be wrong in the future, and so all is lost, all bets are off, the game is up. So we need to keep the faith, and believe. This requires endless revisions of past predictions, so we can persuade ourselves that we were always right and will always continue to be right. Welcome to the science of the absurd.

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