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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject6/27/2002 11:35:18 PM
From: shoreco  Read Replies (2) of 99280
 
While I read around the boards.

I'm seeing a lot of confused traders tonight, I've got Bears now Bulls and I've got Bulls turning Bearish and I've got many screaming "this is not the bottom" and "I demand a retest".

This my friends is setting up a base for a tradable rally.

While everyone is looking for capitulation, I want to go on record and say I seen some in the US Futures and the World equity markets 2 nights ago after the WCOM scandal news was broke.

I get the feeling the reason we didn't get the selling momentum to flow over into the US equities is because we are already down huge over the last 4 months and WCOM was halted and prevented the indicators from hitting extreme readings

I also believe there are too many waiting in the shadows with wads of cash looking to buy a September type bottom.

All this is JMO, but I tell it as I see it...

EOM
Shoreco

Discloser, I'm long...
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