Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject	5/7/2002 10:24:34 AM
From: TechTrader42	of 1487

The Naz ST CI hit 0 earlier this morning, when the Naz was near support around 1558. ST Naz CI: 2.292 0.262 MT Naz CI: 2.292 0.262 LT Naz CI: 18.379 26.256 ST S&P CI: 29.385 26.537 MT S&P CI: 25.654 23.168 LT S&P CI: 47.330 45.611 I don't see anything certain here. The Naz hit support at the 1560 level, but the LT Naz CI is still not at 0, and the SPX ST CI is still too high, along with the LT SPX CI. The SPX breached support at 1053.6 yesterday, meaning it might head toward 998. The Dow might head to 9796. Yes, there could be bounce here in the Naz, based on the ST signal at 0, but there are other things pressing down on it, including the three black crows, the LT CI, the SPX and the Dow. So who knows?

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