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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who wrote (691)	3/12/2002 10:29:40 PM
From: Susan G	Read Replies (1) of 1487

Sentiment on SI was aggressively (and obliviously) bullish last week, too This indicator is definitely worth watching <g> I noticed the bullishness was totally over done last week, and for the first time in my 4 years on SI, several bulls were annoyed at me for my bearish views. I got several pms and many comments where I could tell how annoyed I had made them with my "watch out" calls. I was even told Sunday night in Don's chat that I was WAY too bearish. And one poster on SI actually attacked the validity of Don's sell signals on several threads. OOOPS, he spoke too soon. And everyone seemed to be expecting the same scenario. A mild pullback and a run to da moon. Once everyone starts expecting the same thing, the diabolical move usually occurs. So needless to say, all of the above caused me to short the nas futures yesterday and hold overnight. The SI indicator worked. If I ever see it again, I will definitely take notice. And act on it <G> Same goes for over bearishness and fear, and no posts in the evening on SI. When no one posts, and everyone is gloom and doom, the market always snaps back within 24 hours.

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