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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Smart_Money who wrote (53358)	4/18/2002 9:31:45 PM
From: Alex MG	Read Replies (1) \| Respond to of 99280

Capitulation?, this is capitulation? LOL!... There's been only two capitulation sell-offs in the last year, March/April 01 and Sep 01... This is the slop n' chop phase before the next leg down. Maybe one more minor trading rally before we head down again. We still have more grinding and unwinding to go. Just because the Naz is down to 1800 from 5000 don't mean Jack!

To: Smart_Money who wrote (53358)	4/18/2002 10:07:21 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 99280

SmartMoney: I doubt this is the low for the year and anticipate Nasdaq hitting between 1600-1630 between now and October. Although many feel that we will retest the 9/21 lows in the Fall, I have no clue about that. The reason I feel that this month will not be the low nor does it represent any sort of capitulation is because of:(1) the low volume; (2) the relative good internals -- A/D line and large number of new highs each day; (3) the relative high levels of many of the indices, specifically the Dow and the small and mid cap indices. It is difficult to make a case for this being a low without other indices being affected.