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


To: Follies who wrote (69785)2/21/2001 12:03:38 AM
From: bobby beara  Respond to of 99985
 
yes it might, but that was the kind of thing i heard from brokers and money managers about their customers at the 98 bottom.

and then again, the naz sept top could be a replica of the april 1930 dow top and continue making a stair step to hell to the 2002 4 year cycle low.

nobody no's.



To: Follies who wrote (69785)2/21/2001 12:04:22 AM
From: Chuck Williams  Read Replies (2) | Respond to of 99985
 
Yes, I'm with you. I've been considering this urgent need for capitulation. Two comments: are we really in tune enough with the average investor to when they've had it, i.e., how can we tell - definitively - when capitulation takes place (don't reference the Ameritech index, puleeze); and what if, because we're all waiting for people to leap out of windows, Mr. Market decides it's time for the train to leave the station and we're all standing there waiting to get the best seat...

I dunno. Just trying to think outside the box...

edit: Do money managers really use capitulation as a buy/sell indicator? I would hope they are using more objective criteria than that.

Chuck