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Strategies & Market Trends : Complacency Indexes

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To: Paul Shread who wrote (1200)5/10/2002 11:18:54 AM
From: TechTrader42  Read Replies (1) of 1487
 
You should have bought QLGC when the Naz CI hit 0 a few days ago -- or to be more precise, on the day after the signal, when the Naz hit support at 1560. It was good for quite a bounce. The idea of playing some of Larry's stocks using the CI's is an intriguing one.

Actually, there is one chart that would seem to support your QLGC purchase earlier. Look at the VXN and the 200 SMA. If the VXN can hold below it, it might be OK. If not, well, then.

Working against the trade are the Naz gap and the higher S&P CI's.
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