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

To: ajtj99 who wrote (1432)	6/11/2002 2:29:21 PM
From: TechTrader42	Read Replies (1) \| Respond to of 1487

The Naz CI's are slightly up, and above 10. There's a slight divergence. They have been down earlier, and they have been up. The key would be the closing numbers. They need to close strongly up to signal a reversal. Better yet, they need to bottom out at 0 (on a closing basis, not just intraday) and then reverse. The S&P ones are in the lower midrange and basically unchanged. The CI traffic light is basically on yellow -- not green or red. When in doubt, stay out, in other words. The ramp job earlier wasn't convincing. Support levels still beckon below. The market is still way overvalued, and bellwether companies continue to warn -- and permabulls continue to declare a bottom every day. So what else is new?