Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: MechanicalMethod who wrote (882)	4/3/2002 2:47:36 PM
From: TechTrader42	of 1487

You're a funny thing, MM. Here's the latest update, free of charge: ST Naz CI: 41.436 60.930 MT Naz CI: 44.970 63.195 LT Naz CI: 82.727 88.447 ST S&P CI: 18.529 52.116 MT S&P CI: 35.129 57.611 LT S&P CI: 80.479 87.245 These darn things sure aren't magic. They hovered near 100 for long while, ensuring that shorts could never be sure whether they were going to lose their shirts or not. There were a lot of short signals followed by quick bounces. When the Naz indexes finally gave the last short signal, topping out at about 99 on Friday, there was one last sucker rally on Monday -- and it was enough of a rally to stop out some cautious trades. So if anyone is in search of the Grail, pls. go to some other thread. You'll find lots of Grails on the shelves, dusted off daily -- all absolutely useless (like the CI's, if you like). We shall see what happens when the CI's bottom out. Maybe there will be a quick bounce.

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