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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (53479)	9/22/2000 3:18:12 PM
From: The Phoenix	Respond to of 63513

I think capitulation is a function or a symptom of a bullish market. We have been trading sideways for way too long to see any capitulation. Furthermore investors are becoming more saavy given all the volatility. THere's no more "run for the hills" mentality out there... or at least very little of it. Even when we were in the low 3000's there was no "capitulation". Perhaps you're looking for something that isn't going to come. INTC news saw huge selling last night and a NAZ that opened down 200+. The sellers were getting out but there aren't that many sellers left. Most saw this for what it is, a buying opportunity. Now, that said, if the tech market is over -you'll get your capitulation. But at that point.... who cares. It'll be game over - period. Phoenix

To: Jorj X Mckie who wrote (53479)	9/22/2000 3:18:48 PM
From: Atin	Respond to of 63513

I agree -- all I saw was green from the get go. I don't look at difference from yesterday's close, I only look at difference from the open and everything seemed to start off green. Nothing said capitulation to me . . . scary. Especially with Oct still ahead -- I'm not convinced we're out of the woods. Not that I mind -- being half invested, I'm of two minds about the whole thing! <g> Besides, QCharts was dead so I was only looking sporadically anyway -- that's why I feel so calm and happy. Didn't lose any money -- made no new purchases but what the hell. Will get another chance. -Atin