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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (12957)	3/23/2001 11:01:50 AM
From: Rick Buskey	Read Replies (1) \| Respond to of 37746

CNBC keeps calling it the bottom-----------I don't think so either-------I think that was just a little profit taking from the shorts.

To: velociraptor_ who wrote (12957)	3/23/2001 11:20:31 AM
From: tennessee_ted	Respond to of 37746

Thoughts about volume needed for capitulation. I have seen where hedge funds are responsible for 30% of usual daily trading volume. Then there are the funds and MM's. I would hazard a guess that the capitulation volume simply cannot happen because the public has the overwhelming majority of their shares tied up in mutual funds, not in individual trading accounts. I have not seen any figures about what % of shares are actually available for individuals to "dump", but if redemptions are the way they would do it, it could be manipulated any which way the big funds wanted to. So I don't really think its possible for the public to create the capitulation volume. Their contribution to daily trading volume may be just too small.