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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject4/1/2002 4:14:14 PM
From: TechTrader42  Read Replies (1) of 1487
 
Here are the numbers:

ST Naz CI: 97.098 99.154
MT Naz CI: 97.160 99.368
LT Naz CI: 99.108 99.744

ST S&P CI: 72.365 89.461
MT S&P CI: 72.365 89.933
LT S&P CI: 91.684 97.205

For most of the time during the late-day rally in the Naz, the CI's were in the 80s, not up there in the 90s. So there was significant divergence until near the close. The complacency in the Naz is all very curious. There will be a correction at some point, but I suppose all the schnooks haven't been suckered in for the big letdown just yet.

I see that an analyst is pushing certain techs right now on the infomercial channel. "We're comfortable with an upside to our projections." OK.
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