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

To: Junkyardawg who wrote (61877)	12/18/2000 1:55:12 AM
From: Jorj X Mckie	Read Replies (4) \| Respond to of 63513

I look for a large negative number on the tick to indicate capitulation. It hasn't gotten to extreme levels yet indicating capitulation. As I said in an earlier post, I have entertained the idea of a rolling sector capitulation, but I don't believe it at this point. I believe that the fed will react slowly and will telegraph the move. I believe that the fed telegraphed a neutral bias, not a cut. My views on the risk in the market and the lack of capitulation are simply that...views. I have been wrong through most of this pullback, if anything, my negativity can be seen as a capitulation of sorts. But I still believe that the long term outlook of the economy and market is positive. I do believe that this news may fuel a rally. dailynews.yahoo.com