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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject5/2/2002 2:56:41 PM
From: TechTrader42  Read Replies (1) of 1487
 
Down, down, down:

ST Naz CI: 16.244 21.320
MT Naz CI: 16.244 21.320
LT Naz CI: 53.710 55.993

ST S&P CI: 59.435 64.487
MT S&P CI: 52.356 56.806
LT S&P CI: 65.792 68.869

The Naz has to hold support at 1640.97. Lots o' luck to it.

AJC is appearing on CNBC this afternoon at 5 p.m. (ET), so there will be an AJC alert in effect after that, no doubt. (Not a good sign for a rally -- not a good sign at all.) But seriously, a lot would seem to depend on whether this week's support levels can hold. The Naz has been flirting with support once again. If it holds a third time, maybe there will be a bounce. It held Monday and Wednesday, and so far, it's held today. So far.
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