Chart of the Day: Contrarian complacency

13 September 2016, 02:00
Eko Rediantoro
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This contrarian complacency chart, which is shared by zerohedge.com, shows the 25-day moving average of the number of issues unchanged in a trading day as a percentage of all issues.

While a low number points to fear and could be seen as an indicator for a market bottom, highs are seen as a precursor to a top and points to the complacency in the market.


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