Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (11210)	7/9/2001 12:54:26 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

My Naz complacency index isn't giving a clear signal, so I can't give any advice. It's possible that it could reverse here at a midpoint (where it has sometimes reversed in the past), but it's possible that it could continue lower (with the Naz). At such points, I just stay out of the market. With those gaps looming for some Naz stocks, maybe my bias would be to the downside. (I could well be a contrary indicator.) The S&P complacency index is continuing lower, and the market might continue lower for the first part of the week. But it (the complacency index) is in oversold territory now, so there could be a rally soon. What have I just said? Well, I've hemmed and hawed and hedged on my predictions. What I really mean to say is: Your guess is as good as mine (or perhaps better). We're not at a clear turning point yet. I don't use an e-wave program so I can't give you exact closing values for the indexes today, tomorrow and the next day.