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


To: TechTrader42 who wrote (1096)4/29/2002 4:04:49 PM
From: ajtj99  Read Replies (1) | Respond to of 1487
 
Brooke, those are the lowest levels I have seen in quite some time on the CI's. I don't recall February getting that low. It appears we may have reached a level of selling exhaustion. I'm going to look at some charts tonight and see where we're at. I think the other markets will have some down to hold the futures in check tonight.



To: TechTrader42 who wrote (1096)4/29/2002 4:06:01 PM
From: TechTrader42  Respond to of 1487
 
After the close:

ST Naz CI: 0.000 30.945
MT Naz CI: 0.000 25.959
LT Naz CI: 49.087 65.525

ST S&P CI: 3.401 1.916
MT S&P CI: 3.401 1.916
LT S&P CI: 34.480 47.783

The NDX looks really dicey now. On the weekly chart, the next major support level seems to be the Sept. low. Maybe there's a last handgrip at 1216. I rilly don't know.

The LT CI's still aren't in oversold territory. Gettin' there, but not there yet.