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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (22637)	4/13/2000 11:12:00 AM
From: MulhollandDrive	Read Replies (2) \| Respond to of 54805

>>The ideal scenario for me, would be a decline of another 300-400 points on the NAZ -- an intra-day decline below the 200 dma -- which should bring about capitulation and thereafter a recovery. Now none of this may come to pass and perhaps we will rocket up from here -- and if so, I will end up entering at higher prices. I am inclined to believe that any rally here will be short-lived -- but there are some significant cycle lows in May which should represent a better opportunity for a bottom.<< Hi Tom, I read your post with interest and wanted to get your opinion on something. The NAZ has officially gone into a "bear market" with it's 25% decline. As we all know, significant numbers of stocks have been sliced in half or more. To me that means that the NAZ bellweathers with the highest liquidity have been "masking" the severity of the NAZ decline. Yesterday we saw heavy selling in the "blue chip" NAZ leaders, but I'm not sure it was sufficient enough to signal a capitulation. I am also aware that the reason the bell-weathers sell off last has to do with liquidity. My question is do you think we will see a final severe capitulation in the bellweathers as we did in Oct of 98 or more of a slow bleed? I would personally like to see another sharp selloff on the NAZ before committing any cash. I doubt that we will have a sharp rally upward without at least one more drop that takes out the blue-chips of the NAZ. bp