Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: Susan G who wrote (948)	4/19/2002 12:42:44 PM
From: TechTrader42	Read Replies (1) of 1487

The Naz ST CI got up into the 80s this morning, Susan. Now it's in the 90s (divergence). Another shorting opp. before long. I suppose the ML upgrade sold some schnooks on a certain software stock with a P/E of 50. ST Naz CI: 92.231 63.043 MT Naz CI: 69.145 61.090 LT Naz CI: 85.788 82.078 ST S&P CI: 71.685 49.888 MT S&P CI: 69.499 48.366 LT S&P CI: 87.330 78.552 I don't know what the divergence with the Naz comp and the ST CI indicates. I suppose it might suggest that even though the Naz is going nowhere, it's on the verge of topping out. However, it hasn't yet topped out. It's all a shakedown racket, of course. Every day, the market's a max-pain operation, just like with options at expiration.

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