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Strategies & Market Trends : Complacency Indexes
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To: Monty Lenard who wrote (1026)4/25/2002 5:33:37 PM
From: TechTrader42   of 1487
 
Yeah, you're quick and should be OK. It was a weak bounce off the 200 SMA. It should have hit it, bounced strongly and formed a nice hammer. Instead, it penetrated the MA, tried several times to rally and failed. At the close, they ramped it up. Doesn't look all that convincing to me. But maybe that's the whole trick this time. What the heck do I know? I don't rilly care. Didn't get a good signal, so I ain't waitin' in line to buy. I went outside and played in the dirt.
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