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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject3/7/2002 4:04:57 PM
From: TechTrader42   of 1487
 
These are the closing values today:

ST Naz CI: 67.752 78.571
MT Naz CI: 71.886 81.319
LT Naz CI: 90.210 93.495

ST S&P CI: 89.869 88.562
MT S&P CI: 91.389 90.450
LT S&P CI: 96.402 95.937

The Naz appears to be in a downtrend now, though the CI's can reverse at any point. (I see Jim Shea is on CNBC presently. An interesting guest, what with the indexes down. I'll bet he'd be good at short-selling the Naz. Some great rides!)

The S&P seems to be hangin' in the balance, at a decision point.

I do think that the high complacency levels indicated that the market was ready for a pullback. Note, too, how the COMPX bumped up against the 200 SMA.

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