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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (65615)2/7/2003 10:17:25 AM
From: Perspective  Read Replies (3) of 209892
 
We really need data on how that first major Nikkei bottom in 1992 "felt". I still believe we haven't seen anywhere near the kind of capitulation necessary to produce that lasting a bottom. I think the "Fed is out of ammo" recognition will produce that low, however, and establish prices at which the multi-year fund liquidations can begin.

BC
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