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

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To: ajtj99 who wrote (25181)1/29/2002 1:20:00 PM
From: t2  Read Replies (6) of 99280
 
Long awaited CAPITULATION??

Doesn't the sentiment today seem very bearish among the investors and traders. It is a "get me out" type of situation, imho.
Accounting issues means sell at any price. If any doubt whether there are any accounting issues..sell those stocks too seem to be the way the stocks are moving.

That type of selling says--"capitulation".
Of course, I could be wrong.

jmho.

BTW--if I am right, then any major positive announcement by a large cap stock this afternoon in response to this selloff, could spark a rally into the close...assuming there is large scale capitulation today.
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