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Strategies & Market Trends : Ask DrBob

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From: Drbob5129/15/2008 2:29:48 AM
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In response to a couple of questions, no, we have not seen capitulation yet, as I am still looking for a day in which the Dow is down over 350 pts, Spx down over 40, on heavy volume, intraday, and then a bullish reversal by the close. Still expect Spx to test and probably break 1200 on a spike down, a/d of at least 1/9, with u/d vol 1/15.

Could happen early this week...

jmho,

drbob
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