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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: furrfu who wrote (43614)	5/29/2001 7:58:23 PM
From: LTK007	Respond to of 56535

Doug said/asked <<Max, In your opinion did we ever get the capitulation that had everyone so enthralled? The only major volume spikes we've had were as a direct result of AG's gifts to the street. Or has capitulation become a moot point somehow? Or did I sleep through it? (Hey! It could happen!) Doug >> we never had the classic-true capitulation,every time we have been at the very very edge of that moment,Greenspan has pulled a stunt,or a few feds give press releases saying all is going to be just fine. The tech sector is in deep trouble,and i feel all the kings horses and all the kings men can not re-inflate the tech sector.Lowering interest rates will NOT solve the central problem,massive overcapacity. Will the true capitulation happen,in techs/NASD? i think so.when?,i ponder on:) max p.s. Cramer just made a good point--the buyers of tech are now in the catbird seat--the suppliers are treading water,and without life-jackets,imo .