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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who wrote (1288)5/17/2002 4:08:14 PM
From: TechTrader42  Read Replies (2) of 1487
 
If these are sell signals (and that depends on each trader's interpretation), the signals would be valid through Monday's highs (Monday's ramp job, if there is one at the open):

ST Naz CI: 97.160
MT Naz CI: 61.086
LT Naz CI: 56.262

ST S&P CI: 98.302
MT S&P CI: 98.302
LT S&P CI: 87.240

Note that the LT Naz is only in the midrange. This reflects what the long-term MACD for the COMPX is saying. In other words, there could be another rally after a quick pullback.

But the S&P doesn't look so promising.

This is just one way of looking at the market, however. Other indicators will say other things.
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