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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject5/8/2002 9:46:22 AM
From: TechTrader42   of 1487
 
The Naz ST CI gave a buy signal Monday that was good through Tuesday's low. The Naz hit support Monday at the 1558 area, confirming the ST signal. The LT Naz CI didn't bottom out at 0, but it did move to oversold levels.

The S&P hasn't yet bottomed out at 0 in the ST again, and the S&P breached support. The LT S&P CI was in the midrange. It'll probably head to oversold levels at some point.

The Naz now has a gap to fill, but in the short term, it's in an uptrend, after reaching oversold levels.

Today, yest. and the day before:

ST Naz CI: 16.416 6.551 0.262
MT Naz CI: 16.416 6.551 0.262
LT Naz CI: 28.025 20.548 26.256

ST S&P CI: 41.229 31.184 26.537
MT S&P CI: 40.862 27.225 23.168
LT S&P CI: 54.480 48.416 45.611

Everything is trending up.
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