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

To: Monty Lenard who wrote (1304)	5/20/2002 4:35:32 PM
From: TechTrader42	Read Replies (1) \| Respond to of 1487

The resistance level for the SPX wasn't hit before today's collapse -- the 200 SMA. I wonder whether it'll try for that on a bounce. The COMPX did come close to the 50, though. Note that short-term and long-term MACD for the SPX are saying the opposite thing. The longer-term MACD might support a bullish argument. Note, too, that the LT Naz CI's are in the midrange. So I don't think it's a given either way. When is it? In any case, the sell signal Friday was certainly worth a quick trade. Stops are the best defense against the CI's inclination to become worthless at times.