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

To: bob wallace who wrote (1467)	7/19/2002 7:27:16 PM
From: TechTrader42	Read Replies (1) \| Respond to of 1487

For the S&P, the CI's are all near 0. For the Naz, the CI's rose today, despite the plummeting index. The short-term CI ended at around 65, up from about 50 yesterday. What does the divergence mean? With options expiration, it could mean anything. I can't help wondering whether the S&P will head to the 750 level. The weekly chart for the Naz shows some support around 1250. The bear klowns sure are getting killed in this market, aren't they? It's turning out just as the permabulls predicted.

To: bob wallace who wrote (1467)	7/23/2002 8:54:30 AM
From: bob wallace	Read Replies (1) \| Respond to of 1487

ok - to follow up my own question, when the market falls AND the CI's fall, Jeff Cooper, who otherwise writes as if he is somking something, has this bit of wisdom this morning: Unfortunately, Monday's put-to-call ratio went down even as the market declined, reflecting Wall Street's favorite new pastime -- catching falling daggers. That's perhaps the best summation of this particular event that I have found. incidentally, according to my statistics, when an event like Monday occurs, there is an 88% chance that the index will fall, on average, a further 10% over the next 15 trading days..