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To: Mani1 who wrote (85441)7/20/2002 3:13:30 PM
From: kapkan4uRespond to of 275872
 
<The problem is now everyone and their mother is talking about capitulation which means it won't happen. The market will hit bottom when all the people waiting for capitulation, capitulate themselves.>

Thats right. CNBC itself would have to close shop before I commit any money long, save few quick trades.



To: Mani1 who wrote (85441)7/20/2002 6:08:57 PM
From: Jim McMannisRespond to of 275872
 
RE:"The problem is now everyone and their mother is talking about capitulation which means it won't happen. The market will hit bottom when all the people waiting for capitulation, capitulate themselves :). Maybe we can get a "black monday" and dow 7200 on Monday"

NOT necessarily. This market is different that 1987. Today the public is a lot more involved. In 1987 there was more institutional trading. Program trading go a lot of blame for black monday.
If the public continues to redeem mutual fund shares and stocks then 390 point down days aren't over. Jim



To: Mani1 who wrote (85441)7/20/2002 6:52:37 PM
From: rwhighamRead Replies (2) | Respond to of 275872
 
"This market is seriously strange. Every time you feel that the capitulation is happening, you get a bogus rally. The latest one was last Monday. I am not big on conspiracy, but what caused that monster rally on Monday? There was no news, no nothing, and Dow rallied 400 points in one hour!"

Those big up-ticks only happen during a bear market. These are short-covering rallies. I had a link to the statistics on these but can't find it.