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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Dick Brown who wrote (11937)	8/24/2001 10:52:58 AM
From: TechTrader42	Respond to of 12039

Dick: I don't think the rally is going to last, based on my complacency indexes. (And I sure could be wrong.) I post the indexes here: Subject 51633 Right now, it looks like this: ST Naz CI: 58.137 Yesterday: 64.871 MT Naz CI: 58.137 Y: 64.871 LT Naz CI: 83.391 Y: 84.876 ST S&P CI: 86.832 Y: 54.580 MT S&P CI: 82.428 Y: 51.812 LT S&P CI: 85.143 Y: 77.202 The short-term Naz CI was in the 80s a few mins. ago, too. The scale runs from 0 to 100, with fear and panic at the bottom, complacency and greed at the top. The indexes are contrary indicators. They're too high now for the S&P. They were too high for the Naz a few mins. ago, but they're pulling back.