Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: Paul Shread who wrote (1013)	4/25/2002 1:03:49 PM
From: TechTrader42	of 1487

The OEX broke under significant support at 544 earlier this week. Now there's a real danger of 480, the low from Sept. (clear on weekly chart). I was just watching the SPX and SPY when you posted your note. SPX will test 1074.36 from Feb. maybe. For SPY, it's 107.8. With the Naz, all eyes are on 1696.55, of course. And yet the CI's are not close to bottoming out. They might make a sudden plunge, and that would make 1696 look better. But as it is, 1646 seems to be within the realm of possibility. (Yet another bounce in progress now, however.) Downturns do tend to end in panics. So far, there hasn't been a panic. Also, this is a plenilunary time for the market. So Friday and Monday might just be interesting. ST Naz CI: 38.110 62.348 MT Naz CI: 30.979 50.682 LT Naz CI: 68.208 77.283 ST S&P CI: 11.313 17.528 MT S&P CI: 11.002 16.993 LT S&P CI: 59.005 65.520 But who can say? The final answers aren't on this silly excuse for a thread, unfortunately, and other threads have apparently shifted their programming toward new target markets -- such as cat lovers. So where can one go for definitive predictions? Perhaps here: sun-sentinel.com

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