Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject	4/4/2002 10:04:20 AM
From: TechTrader42	of 1487

A repeat post, from SAII (cross-pollination, ya know): My sentiment indicator for the S&P hit 0 in the ST this morning. Intraday signals aren't as reliable as end-of-day signals, though. Still, the S&P and Dow began their bounce at exactly the moment when the index hit 0. The Nasdaq ST index is still in the teens. So the S&P sentiment index would appear to be nearing a buy point. It would be better, however, if the ST index confirmed a bottom by ending the day near 0. It's also sometimes better to wait for the index to hit 0 about three times intraday. There can be false rallies, or at least they can begin in fits and starts. Eagerness to jump in isn't a disciplined approach. EDIT: The Naz ST sentiment index has just fallen under 10. So the correction is winding down. But I haven't seen the fat lady yet. ST Naz CI: 8.696 39.295 MT Naz CI: 30.414 42.959 LT Naz CI: 78.158 82.095 ST S&P CI: 0.000 18.529 MT S&P CI: 18.267 35.129 LT S&P CI: 75.405 80.479

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