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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject4/10/2002 4:09:43 PM
From: TechTrader42   of 1487
 
Reversal to the upside for Naz CI's. So far, the Naz CI still hasn't hit 0 at the close. But neither did the S&P last week, and it's rallied on the basis of intraday signals at 0. That's what the Naz ST CI gave today: intraday buy signals at 0. We shall see how rough going it is from here, with the longer-term CI's still overbought. At least in the short term, there's a chance for a rally.

ST Naz CI: 18.042 7.817
MT Naz CI: 26.382 24.426
LT Naz CI: 75.201 73.551

ST S&P CI: 65.736 44.670
MT S&P CI: 65.736 48.946
LT S&P CI: 87.989 80.994

Be in advance of all contingencies, including warnings. Use stops.
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