Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject	4/26/2002 4:05:16 PM
From: TechTrader42	of 1487

Here's where we are now: ST Naz CI: 30.945 62.348 MT Naz CI: 25.959 50.682 LT Naz CI: 65.525 77.283 ST S&P CI: 1.916 18.384 MT S&P CI: 1.916 17.878 LT S&P CI: 47.783 62.172 The interpretation is up to you. If you think the ST S&P CI is low enough for a buy signal, the signal would be good through Monday's lows. If you think it's best to wait for 0, you might be right. It's all speculation. Note that the LT S&P index isn't oversold yet. Also, the ST Naz CI hasn't crossed the oversold threshold of 30. The SPX came within two points of hitting the target of 1074. The Naz plummeted through support, as the CI's suggested it might. The Dow broke under the 200 SMA. That's not a good sign. SPY has broken under the support level of March. Another sighn of weakness. It's getting slaughtered after hours (but after-hours trading is irrelevant in some cases.) The next level down for SPY would be 105.56. For DIA, maybe 98.04, and then 97.37 and 95.85. But the ST CI is oversold, so a reversal is getting closer.

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