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Strategies & Market Trends : Complacency Indexes

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To: MechanicalMethod who wrote (1010)	4/25/2002 12:00:06 PM
From: TechTrader42	Read Replies (2) of 1487

A higher low!!! An uptrend!!!! Ooops. Schnooked again. Naz bounced off 1697, it seems. What a surprise. Look for retest of 1696 area. I hope the credulous investors studied up for the test, and that the dipsters don't get dipped to 1646. With everyone eagerly buying at 1696, what do you think will happen? "Congratulations! You just bought at the bottom! Any risk has vanished. What savvy investors you are! Enjoy the profits!!" The funny thing is that the Naz CI's aren't even oversold. That doesn't mean they won't reverse to the upside, but it does mean there's lots more room to the downside. ST Naz CI: 50.457 62.348 MT Naz CI: 41.016 50.682 LT Naz CI: 72.831 77.283 The S&P CI's are oversold in the ST and MT: ST S&P CI: 8.283 17.528 MT S&P CI: 8.055 16.993 LT S&P CI: 57.647 65.520 But the definitive signal would be a close near 0, not some intraday muckin' about near 0. I think this is the first time I've separated the Naz and S&P CI's with a line of text. For this reason, I'm raising fees, to support these user-friendly improvements. Interpolated comments are costly on the production side. We had to hire a new layout staff -- a new stayout laff, as it were.

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