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Strategies & Market Trends : Complacency Indexes -- Ignore unavailable to you. Want to Upgrade?


To: TechTrader42 who wrote (424)1/28/2002 3:56:12 PM
From: TechTrader42  Read Replies (2) | Respond to of 1487
 
Five mins. before close:

ST Naz CI: 100.000 91.879
MT Naz CI: 100.000 91.879
LT Naz CI: 100.000 98.906

ST S&P CI: 99.760 98.496
MT S&P CI: 99.760 98.496
LT S&P CI: 99.972 99.831

I wish someone could step in and explain it all -- why the market's so decidedly overbought when the indexes are up so pathetically little. What's it mean? Are options traders anticipating a breakout to the upside? Will the bullish sentiment pay off? I have no idea.