Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: Sherman Chen who wrote (644)	3/5/2002 3:24:41 PM
From: TechTrader42	Read Replies (1) of 1487

The CI's endeavor to cover their tracks, so that they can't be followed. ST Naz CI: 81.303 98.950 MT Naz CI: 83.700 99.084 LT Naz CI: 94.324 99.681 ST S&P CI: 92.157 87.745 MT S&P CI: 93.452 89.768 LT S&P CI: 97.214 95.647 Today's action has been erratic. I think there's been some accumulation going on in this downdraft in the S&P. I think the general consensus must be that a rally has begun. There's been some buying into the pullback. As I've said, I'd like to see those S&P CI's make the summit. They're certainly carrying up a lot of paying customers. Little do they know that they're going to be hurled over the precipice at the top. There's such a confounding eagerness to believe that all the trouble in the market is behind us. Why is the market down today, according to the analysts' infomercial channel? Profit-taking, of course. I'm hiding out on this thread so I don't have to read all the rubbish from the perma-bulls, who are witlessly piling back into their favorite overpriced tech stocks. It really does make for sickening reading after a while. (Not that this thread doesn't make for sickening reading, too. Here, at least, we provide readers with vomit bags.)

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