Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject	4/29/2002 10:09:39 AM
From: TechTrader42	of 1487

Note that support failed for SPY, too. The Feb. level of 107.82 hasn't held. It could head toward 105.56, if there isn't a strong bounce off oversold levels here. The Dow, incidentally, is below the 200 SMA at 9931. Another bad sign. But the CI's have been making an effort to rally: ST Naz CI: 32.470 30.945 MT Naz CI: 32.470 25.959 LT Naz CI: 66.096 65.525 ST S&P CI: 6.755 1.916 MT S&P CI: 6.755 1.916 LT S&P CI: 47.511 47.783 All in all, with support levels failing, the risks seem to outweigh the benefits, but what do I know? Pls. move on to one of those educational TA threads that provide a clear vision of the future and certain calls.

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