SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Complacency Indexes
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bob wallace who wrote (1371)5/29/2002 10:45:03 AM
From: TechTrader42  Read Replies (1) of 1487
 
The CI's aren't close to a bottom yet, Bob.

People were calling the bottom yesterday, hilariously enough.

I don't know about the Sept. lows. Techs remain way overvalued. So does the market as a whole. DecisionPoint says the S&P GAAP P/E is over 40. Historically, 20 has been overbought. Even if an economic recovery were guaranteed, techs would be overvalued. But there are all sorts of uncertainties -- uncertainties that should not be ignored, no matter what the carnival barkers say on CNBS (or the saffron-robed ignoramuses and petulant, peevish, pathetic permabulls on SI).

The Naz CI's are in the upper midrange in the ST and MT, and lower midrange for the LT. The direction is currently down. The S&P CI's are in the lower midrange in the ST and MT, and upper midrange in the LT. The direction is down. The current signals have all been sell/short this week.

The Naz might retest 1560.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News