But the biggest myth being pumped by today's bears is that there must be "capitulation" in order for a bull market to start.<<<<
dood, that is no myth, it's just a level, there was bull capitulation at the top in 99-00,
but according to some that occured in 96, 97, 98, they were wrong, and it kept going.
again we are talking levels, and a lot of people have been fooled by the levels on the downside.
capitulation takes place when all the buyers or sellers get washed out, that makes bottoms and tops.
there will be capitulation at ST, IT, LT, bottoms and tops, it's just a term, with a lot of grey areas. |
