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


To: Triffin who wrote (1184)5/8/2002 4:01:27 PM
From: TechTrader42  Read Replies (1) | Respond to of 1487
 
Then there's K. Tanzy's Austin Powers-era flip. Some analysts may have failed to take that into account.

With enough hairspray, is the rally sustainable?

ST Naz CI: 38.027 6.551
MT Naz CI: 38.027 6.551
LT Naz CI: 44.406 20.548

ST S&P CI: 49.325 31.184
MT S&P CI: 48.886 27.225
LT S&P CI: 59.367 48.416

The trend is up. Long white candlesticks confirming. With all the gaps, there's no safety net. The Flying Wallenda market.



To: Triffin who wrote (1184)5/8/2002 4:18:31 PM
From: TechTrader42  Read Replies (1) | Respond to of 1487
 
Even Tyler seems to have dipped his head in a bucket of bleach, Triffin. The Hair-dex is off the charts today. They must have all been told to lighten up for the new primary bull market. And Mary now -- a new lighter look there, too. They must have been given a group rate at the corner salon.

With the Naz, note the resistance near the middle B band, at 1708. It needs to break through that. The next test would be 1784, the 50 SMA.

With the Dow, 10,276 is the level of the 50 -- a big resistance level.

The SPX is very near the middle B. band, a resistance level -- at 1093. If it can break through that, it could head toward the 200 SMA at 1125.

Longer-term MACD reversal signals for the indexes (reversing back up). The gap in the Naz adds an interesting element to the mix. When will it get filled???