I have no idea when it'll be time to jump in again, Sherman. The complacency indexes, as I've said, are self-referential, solipsistic, tautological. They have no relevance to the market. They exist in a world apart, one not recommended to visitors.*
I will say this: The indexes can reverse at any point. They don't have to go to oversold levels before the market rallies again. Everything, of course, depends on the trader's time frame. A significant bounce to a daytrader might be irrelevant to a position trader.
*Maybe not entirely true. But it is true that hunches, interpretations, overviews, predictions, etc., are irrelevant. A system should amount to little more than boring numbers. There's room for a lot of nonsense on this thread because the numbers speak for themselves. Maybe the numbers are nonsense, too. I have no idea. |
