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

To: TechTrader42 who wrote (1119)	5/1/2002 11:36:37 AM
From: ajtj99	Read Replies (1) \| Respond to of 1487

Brooke, if I was smart, I'd have bought puts at the late afternoon high (I was soooo tempted). I decided to wait and see how the .618 and .50 re-traces were handled on the NDX. I decided to short below NDX 1253 (puts) and buy if that level was tested and held. Well, I was working and got blindsided by the drop. At 10:25 I saw NDX 1240 and bought puts, figuring on a test of Monday's lows. Smart, not. Timely, not. Profitable trading, hopefully so. I learned fairly recently that money can be made trading the middle, so I don't get hung up on missing tops and bottoms anymore. 3-months ago I would have given up after I missed most of the drop. Now I know better. I see we're printing a new LOD here. I'm looking smarter by the minute! The put/call ratio has been a troubling indicator for some time. They have to wipe out those call buyers before we find some support.