Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject	3/13/2002 4:48:41 PM
From: TechTrader42	Read Replies (1) of 1487

What a shock to see the market fall today. Was it profit-taking? Or maybe the strong sectors weren't fully and fairly reflected in the misleading indexes. After all, "it's a market of stocks, not a stock market," as the saying goes (and as the money speedily goes with such notions, no doubt). Maybe there were exogenous factors: evil shorters spreading unfounded rumors again. Maybe granularity has melted into slush. Here are the closing numbers: ST Naz CI: 72.899 75.525 MT Naz CI: 72.899 75.525 LT Naz CI: 91.776 92.573 ST S&P CI: 89.251 100.000 MT S&P CI: 89.251 100.000 LT S&P CI: 96.174 100.000

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