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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: bobby beara who wrote (71913)3/12/2001 4:14:22 PM
From: jmootx  Read Replies (2) of 99985
 
Yep proved to be so


Interesting. This is the first time in U.S. market history of bear declines in a major indice that capitulation in terms of what we seen today happened at this point both in time (12 months or more after the peak) and in terms of decline ( after a 60% decline). Certainly we will trade up at some point, but this bear is unchartered territory at this point. Throw out history now-- this is a new definition for the trading log. Amazing the VIX refuses to go above 35-36, unlike 1998, 1997, 1987 etc.
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