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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject5/15/2002 3:27:42 PM
From: TechTrader42   of 1487
 
The CI's are moving up and down and all around. There's a lot of "expiration-related activity" going on, as briefing.com says. There's room to the upside or downside for the CI's at this point. It would be nice if they could make up their mind and head to an extreme, one way or the other.

It's interesting that Hal is long at this point. That's certainly something to keep in mind. And there have been some reversals up in longer-term indicators in the index charts (MACD, for example). As as Susan pointed out, a morning star has been forming in the COMPX weekly chart. But there's some unfinished business at breached support levels (SPX), so we shall see. Maybe once the expiration-related shenanigans are over, the volatility will decrease and the market will take a more direct course, in one direction or the other. At this point, it seems to be a trader's market.

ST Naz CI: 57.671 60.372
MT Naz CI: 46.429 50.670
LT Naz CI: 48.704 52.061

ST S&P CI: 78.003 82.910
MT S&P CI: 69.115 73.463
LT S&P CI: 71.312 73.937
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