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


To: Monty Lenard who wrote (1138)5/2/2002 4:39:38 PM
From: TechTrader42  Read Replies (1) | Respond to of 1487
 
The Adv/Dec vol. figure is amazingly dismal -- and not reflected in the issues ratio, funnily enough.

The Naz broke through support fractionally on the 23rd, and it plummeted from there. It breached support fractionally again today. With that adv./decl. vol., one has to wonder. Distribution on a large scale, with dumpsters.

But you're not allowed to discuss TA or cite actual numbers. You're setting a bad example for the thread.

The CI's don't look great:

ST Naz CI: 13.579 21.320
MT Naz CI: 13.579 21.320
LT Naz CI: 52.511 55.993

ST S&P CI: 63.447 64.487
MT S&P CI: 55.890 56.806
LT S&P CI: 68.235 68.869

The center of gravity indicator is no longer giving buy signals for the Naz and Dow. The SPX is still a buy with that indicator. (Daily charts, ya know.)