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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject3/5/2002 3:53:15 PM
From: TechTrader42  Read Replies (2) of 1487
 
Look at how the S&P CI has been climbing over the past few days. It might just max out at 100 before the week is out. Wednesday or Thursday, with a drop on Friday maybe? I can say with confidence that I have no idea.*

93.954 87.745 86.928
94.952 89.768 89.086
97.853 95.647 95.357

*Unapproved ravings: Confidence when entering trades should come not from confidence that the market will go in the expected direction, but confidence that you're prepared to get out of the trade if the market goes against you. The market's a confidence game, and the odds are usually against you. Never be confident about its direction.
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