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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (3107)	7/3/2002 12:57:14 PM
From: t2	Respond to of 30712

we are nowhere near capitulation. An intermediate low, maybe. Capitulation is when you ask 10-people if they are invested in stocks and you get responses like "I'll never own stocks again for 10=years" or "I'll never invest in the market again" or "I'm only buying CD's from now on". We're far from that level. What do you consider intermediate low? A low lasting a few months? I would call last April 2001 and September 2001 the intermediate lows. We are not seeing anything like that kind of fear this time around...and in addition seeing people get disinterested in the stock market. In addition, another difference between now and September 2001 is the foreign redemptions that very likely happening right now. My point being that until things get as bad as April or September 2001 in the markets, we keep sliding and sliding and sliding ......down. You know PPT is out there in full force in the currency markets. They are doing whatever they can to give overseas investors less reasons to bail out. What happens when the intervention ends? Maybe the bottom falls out on the dollar and the markets. I bought the bottoms in April2001 and September2001 but can't get myself to do the same right here. (becoming a believer in the Crawford crash scenario)