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Strategies & Market Trends : Guidance and Visibility

AAPL 273.04

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3:59 PM EST

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To: SirRealist who wrote (52303)	5/8/2002 11:45:56 AM
From: SusieQ1065	Read Replies (2) of 208838

Jeff Bailey 5/8/02, 11:35:07 AM Jeff, Can today's actions be a Bear Capitulation !! No, not "capitulation," but perhaps "realization." As mentioned in this weekends wrap, the NASDAQ-100 Bullish % at 20% was a level of low risk and an alert to bears. All that Cisco's (CSCO) earnings did was affirm and then unleash the higher level of risk that bears were taking. Capitulation? No. When the QQQ reaches the $45 level, that's when we might start seeing some "bear capitulation."

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