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Strategies & Market Trends : Complacency Indexes
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To: Susan G who wrote (626)3/5/2002 9:34:58 AM
From: TechTrader42   of 1487
 
We shall see whether 100 yields a breakout this time, or a collapse. I rilly have no idea.

CNBS is trying to push media stocks today. How do they characterize the pullback at the open? "After a pretty strong rally the past two days, we are seeing money flow into a handful of stocks."

Oftentimes, the best day to go short is the day after the CI hits 100. That's often a blowoff day.

But anyway, the crooks want to push this market up, how ever uncertain earnings are, so whether the pullback will last is another question entirely.
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