Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Jorj X Mckie who wrote (53479)	9/22/2000 3:18:12 PM
From: The Phoenix	of 63513

I think capitulation is a function or a symptom of a bullish market. We have been trading sideways for way too long to see any capitulation. Furthermore investors are becoming more saavy given all the volatility. THere's no more "run for the hills" mentality out there... or at least very little of it. Even when we were in the low 3000's there was no "capitulation". Perhaps you're looking for something that isn't going to come. INTC news saw huge selling last night and a NAZ that opened down 200+. The sellers were getting out but there aren't that many sellers left. Most saw this for what it is, a buying opportunity. Now, that said, if the tech market is over -you'll get your capitulation. But at that point.... who cares. It'll be game over - period. Phoenix

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