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

To: Frederick Langford who wrote (634)	3/5/2002 11:35:24 AM
From: TechTrader42	Read Replies (1) \| Respond to of 1487

Yesterday or today? Intraday ones aren't as reliable as closing ones, as you know. It'll be interesting to see whether he gets closing Class 1 Sell signals. He knows his stuff. However, like all other signals, they can turn out to be wrong -- or negated, as he says, only because the market can always be unpredictable (no matter what people want to believe). So far, the CI's are giving sell signals intraday today, but who knows? That could change. As I said, it might be important that the S&P CI's did not max out at 100. The highest they went at the close (not intraday) was around 87. That could turn out to be significant. With the strength of the rally, you'd think that they would have reached for 100. So, it's possible that they still might head for 100 before finally tanking. Anything's possible. (One very good analyst I know has named his race horse Anythings Possible.) ST Naz CI: 93.382 98.950 MT Naz CI: 94.231 99.084 LT Naz CI: 97.991 99.681 ST S&P CI: 82.516 87.745 MT S&P CI: 85.402 89.768 LT S&P CI: 93.790 95.647