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


To: TechTrader42 who wrote (646)3/5/2002 3:58:44 PM
From: TechTrader42  Read Replies (1) | Respond to of 1487
 
The CI's are ending around here:

ST Naz CI: 83.193 98.950
MT Naz CI: 85.348 99.084
LT Naz CI: 94.898 99.681

ST S&P CI: 91.503 87.745
MT S&P CI: 92.906 89.768
LT S&P CI: 96.982 95.647

So there is room to go higher with the S&P ones. That doesn't mean they will, just that there is room to go higher. (Is there an echo in here?)

Some traders vieweed the pullback as a buying opportunity, it seems, and the divergence could mean that the rally isn't quite over yet. Or it could mean something else entirely. Or it could mean nothing.



To: TechTrader42 who wrote (646)3/5/2002 4:36:20 PM
From: Triffin  Read Replies (1) | Respond to of 1487
 
Unapproved ravings: Confidence when entering trades should come not from confidence that the market will go in the expected direction, but confidence that you're prepared to get out of the trade if the market goes against you. The market's a confidence game, and the odds are usually against you. Never be confident about its direction.

All the more reason to use combos/straddles or other
types of trades with a 'non-directional bias' ..

Jim in Ct ..