Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: ajtj99 who wrote (1090)	4/29/2002 2:56:14 PM
From: TechTrader42	Read Replies (2) of 1487

Yes, I agree with that 1053.61 level as a possible support target. Once 1074 gave way, things looked bad. 9529 shows up as a possible support level for the Dow in the weekly chart. In the daily, there's 9734. The Naz has now broken under 1646, which was the support level in late Nov. There's still support from early Nov., in the area you mentioned, 1628. That might be playable for a short-term bounce, since the ST CI's are now oversold. ST Naz CI: 6.555 30.945 MT Naz CI: 6.555 25.959 LT Naz CI: 56.393 65.525 ST S&P CI: 2.115 1.916 MT S&P CI: 2.115 1.916 LT S&P CI: 40.091 47.783 I don't really know what the permabulls have been looking at in the charts. They rarely say. They scream a lot whenever anyone suggests that the market could go down, but that's about it.

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