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Strategies & Market Trends : Complacency Indexes
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To: ajtj99 who wrote (1080)4/28/2002 7:03:33 PM
From: TechTrader42  Read Replies (1) of 1487
 
You may have noticed that they held the SPX above 1074 during trading hours, but right after the close SPY fell lower. I don't know whether that's significant -- whether after-hours trading bears any relation to reality.

But when it comes to market direction, only Reuters knows for sure in advance:

siliconinvestor.com

As I've said, the S&P is oversold in the short term. The ST CI is close to 0. The LT CI is in the midrange now -- no longer overbought. The Naz is nearly in oversold territory in the short term, but not quite.
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