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

To: donald sew who wrote (11323)	7/10/2001 5:11:43 PM
From: TechTrader42	Read Replies (2) \| Respond to of 52237

I don't have the EOD data yet, Donald, but based on the data in eSignal, I think the S&P Complacency Index is going to weigh in at something close to 2 or 3 tonight. That's way down. It closed at 28.5 yesterday. It moves between 0 and 100. I'll post the actual results later when I have the EOD data. When the CI gets that low, a reversal is usually (but not always) in the offing. I suspect you'll be getting buy signals for the Dow and S&P with your system soon (if not this evening). It seems insane anticipating a buy signal at this point, with all the earnings worries (including CPQ's warning this afternoon and worries that IBM will warn). There's always the possibility that the CI could linger at a low point while the S&P and Dow drift lower, of course. The buy signal isn't actually given until the complacency index moves back up. I think that might just be tomorrow or Thursday. But whaddo I know? I was tossed out of Hogwarts School of TA Wizardry. I do think the Dow and S&P look oversold here, despite all the bearishness now. The Naz looks more dangerous to me. Of course, we could get a nice crash here in the Dow and S&P. Yet it seems too easy, with everyone so bearish all of a sudden. There's a rush on IBM puts, I read, based on rumors of a warning. It's nice that the crowd finally has this market figured out. thestreet.com It seems logical that IBM would warn, of course. I'm stuck with counter-intuitive indicators and signals, it seems. They worked with the last downturn. Maybe that's just because we're in a bear rally. Maybe sell signals always work and buy signals no longer work. Who knows? Where am I? How'd I get in here? What am I talking about? Let me out!