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

To: exp who wrote (1314)	5/21/2002 11:17:52 AM
From: TechTrader42	Respond to of 1487

Exp: I wouldn't presume to fully comprehend such a keenly perceptive question, but I'll endeavor in all humility to provide an answer, inadequate though it might be. No, the CI's were bouncing around this morning. The Dow provided another short entry point, when it retraced part of yesterday's candlestick. The CI's are now pointing down, but they might continue to bounce around: ST Naz CI: 81.808 94.622 MT Naz CI: 60.645 61.533 LT Naz CI: 49.384 56.652 ST S&P CI: 70.087 75.826 MT S&P CI: 73.457 78.549 LT S&P CI: 72.670 75.656 With the SPX GAAP P/E over 40 (and with 20+ representing overbought and 10 oversold), there's a lot of uncertainty over whether the market is overbought or whether it's filled with bargains. This is because savvy investors don't want miss a train that could take them on a breath-taking ride over a cliff. No need to respond, because I'd almost certainly fail to understand the sage reply. -- Uriah