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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (8579)	5/27/2000 8:06:00 PM
From: fftrader	Respond to of 18137

Alan, <We are so conditioned for the capitulation event> Yeah another item(also perpetuated by IBD)is the put/call ratio-not spiking high enough yet to suggest total panic/fear typical of market bottoms.Wonder if there are any studies out there on just how many towels have to be thrown in? This pullback is different<sure smells different>and at the moment is also not my definition of a "bear market" which many of these "conditioned concepts" are applicable too. Just like you said if you look at the Nasdaq index on the weekly this is not a bear market. Another interesting note(off weekly chart)is that since 1995 the 5 largest pullbacks have averaged in duration from 9 to 13 weeks before heading back up again. We are now in our 11th week of pulling back,so the next few weeks should be very interesting and may be an indication of what direction we are really heading. Chart/pattern wise, now it is very similar to the pullback of 1998. fftrader