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Strategies & Market Trends : Complacency Indexes

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To: ajtj99 who wrote (1117)5/1/2002 10:42:24 AM
From: TechTrader42  Read Replies (1) of 1487
 
AJ: You were the smart one, selling into the rally yesterday. You beat me to the exits. As Monty says, there are two types of traders in this market: the quick and the dead. Maybe the Naz will shoot for 1628 now, and the S&P for 1053, after restesting 1640 and 1063. The failure of support Monday couldn't be ignored.

Here are today's wishy-washy hindsight CI's.
With the CI's at least, one isn't questioning anyone's favorite buy-and-hold stocks, any sacred golden cows, so there might not be an angry outcry. But I'll try to be forward-looking and anticipate any well-reasoned objections: "You total moron! How dare you have such a low reading for sentiment! Your worthless, stinkin' analysis is in hindsight, based on past data! You *&^%$ *&^$#! You're a complete *&^$#!!!"

Reversal back down:

ST Naz CI: 9.010 23.223
MT Naz CI: 9.010 23.223
LT Naz CI: 50.457 56.849

ST S&P CI: 41.753 46.657
MT S&P CI: 36.780 41.099
LT S&P CI: 55.023 58.009
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