Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject	4/25/2002 4:13:04 PM
From: TechTrader42	of 1487

ST indexes more or less unchanged, meaning continued volatility and uncertainty ahead. ST Naz CI: 62.348 62.348 MT Naz CI: 50.682 50.682 LT Naz CI: 77.283 77.283 ST S&P CI: 18.384 17.528 MT S&P CI: 17.878 16.993 LT S&P CI: 62.172 65.520 No bottoming out near 0 yet; no capitulation. A half-hearted effort to reverse back up. With the Dow, the 200 SMA support level was penetrated. With the SPX, 1074 beckons. With the Naz, there's a doji near 1696. Whether that level holds remains to be seen. One possible scenario: an attempt at a bounce, followed by a retest of 1696, and then maybe a move lower. Et hoc genus omne.

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