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

To: TechTrader42 who wrote (667)	3/6/2002 12:33:00 PM
From: TechTrader42	Read Replies (2) \| Respond to of 1487

Here are the CI's. I should make it clear that there hasn't been a sell signal for the S&P in this uptrend yet. I'd like to see the CI's max out and tank. I shouldn't post the signals when they max out, because people might check back on them and find that they were all bad signals. I should be as vague as possible, or people might begin to think I'm not in possession of the Grail. I'd lose my following (a group of daytrading kids running after me down the street, pelting me with stones, eggs and vegetables.) But there's no need to fear, since we know ahead of time that the CI signals are all going to be bad signals. This is because complacency signals don't work. We know from experience that when complacency reaches overbought extremes, the market goes much higher. We learned this on the shopping channel. ("11.7 million shares of MSFT sold so far today! Buy while supplies last!!!!!") When buying reaches a feverish pitch, it's time for everyone to buy, then lose gobs of money and turn eerily silent, and then wait for the next buying "opportunity" when we're all excited again. ST Naz CI: 74.895 83.298 MT Naz CI: 78.114 85.440 LT Naz CI: 92.379 94.930 ST S&P CI: 93.791 92.157 MT S&P CI: 94.816 93.452 LT S&P CI: 97.795 97.214