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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who wrote (1040)4/26/2002 10:37:24 AM
From: TechTrader42   of 1487
 
Look for the Naz to retest 1696 area again (and maybe fail the test), and for the SPX to test 1074. The Dow could retest the 200 SMA, at 9933.6. Since it penetrated the MA yesterday, I might go through it. Alas.

The S&P ST CI is oversold. I'd like to see a close near 0. The LT one is no longer overbought, btw, but in the midrange.

ST Naz CI: 46.951 62.348
MT Naz CI: 39.386 50.682
LT Naz CI: 71.518 77.283

ST S&P CI: 9.091 18.384
MT S&P CI: 9.091 17.878
LT S&P CI: 58.009 62.172
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