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To: rocklobster who wrote (33435)10/18/2000 12:01:29 PM
From: Paul Shread  Respond to of 42787
 
Agreed. The only way you wouldn't call this capitulation was if you were in cash or short.



To: rocklobster who wrote (33435)10/18/2000 12:09:42 PM
From: adcpres  Read Replies (2) | Respond to of 42787
 
<EDIT>>It didn't last long. By 10:00am it went from 70:1 to 8:1 Usually a MAJOR bottom accompanied with capitulation lasts a few hours or so -- at least that was what I saw 5 years ago. Maybe those that have been in the market over recent years can shed some light on current behaviors. This just did not seem like wide spread panic. GH

>>>>>>>>>>>.
PS Hope this was the bottom so we can all relax. If tomorrow doesn't roller coaster, I will breeth easier.



To: rocklobster who wrote (33435)10/18/2000 12:16:35 PM
From: Stephen  Read Replies (2) | Respond to of 42787
 
rocklobster - I can quote you any statistic you want - positive or negative today - and probably be right at some moment in time. Weight of capitulation matters.... and I don't beleieve that was seen. But time will tell. These things are not quite so clear now that there's so many players in the market and thats what I saw this morning - buying the dip for a trade .... nothing more.

JMHO ... fwiw

Stephen