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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject4/10/2002 1:26:38 PM
From: TechTrader42   of 1487
 
Basically, QQQ hit the Feb. low, though the Naz composite hasn't quite hit the target. The divergence this morning said: Don't chase the Naz at its height. Now there's a better chance for a buy signal, especially if the Naz CI closes near 0 or reverses in a big way off yesterday's low. There have been intraday signals at 0, but it would be nice to see them confirmed with a CI ST close near 0. You're on your own when it comes to the actual buys. Whatever you do, make sure you use stops and don't listen to the posts on SI threads such as this one.

ST Naz CI: 4.476 7.817
MT Naz CI: 14.196 24.426
LT Naz CI: 71.096 73.551

ST S&P CI: 47.716 44.670
MT S&P CI: 47.716 48.946
LT S&P CI: 81.673 80.994
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