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Strategies & Market Trends : Complacency Indexes
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To: TechTrader42 who wrote (1068)4/28/2002 6:00:36 PM
From: ajtj99  Read Replies (1) of 1487
 
Brooke, my sentiments exactly on the SPX being the key tomorrow. If it breaches 1074, it takes everything down. The COMP would go to around 1575-1600 if that happens, IMO, and the NDX to 29.50-30.00

Having said that, I'm thinking it might hold this trip, as it has not been touched yet. Maybe a 2-day bounce and a continuation.

I think Max Pain either gets Delta Hedged or lowered significantly on the QQQ this month.
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