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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (63352)	11/29/2000 4:34:55 PM
From: el paradisio	Read Replies (1) \| Respond to of 99985

My dream GAP 62 1/2-65 on QQQ was finally closed today <g> What next...I have to do my homework. Regards, el

To: HairBall who wrote (63352)	11/29/2000 4:46:29 PM
From: Don Green	Read Replies (2) \| Respond to of 99985

CAPITULATION A word you will hear more and more about in the coming weeks. Actually an old war term, referring to the act of surrendering or giving up. In stocks it is associated with "giving up" any previous gains in the stock price. True capitulation involves extremely high volume and sharp declines (oversold stocks), it usually indicates panic selling. After this "capitulation selling" there is said to be great bargains because everyone who wants to get out of the stock for any reason (including forced selling due to margin calls), has gotten out of the stock and the price should reverse or bounce off the lows. Shrewd investors will wait for the capitulation to finish before buying back in rather than trying to pick a bottom. investopedia.com