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Pastimes : Home on the range where the buffalo roam
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To: Walkingshadow who wrote (10142)2/14/2001 9:47:29 AM
From: Boplicity  Read Replies (2) of 13572
 
re: capitulation

<<As Richard Russell, of the Dow Theory Letters, has pointed out in his pieces, the public watches the Dow, not the S&P and NASDAQ. When the Dow comes under pressure, we'll see a major run for the exits as the public finally begins wholesale selling.>>

I have been saying that the DOW needs to be taken out before the NAZ can start higher on a sustaining bases, maybe we will get our capitulation if and when that happens.

Greg
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