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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (10586)	7/24/2002 5:36:53 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 17639

This was a big rally....but it certainly tweren't no "healthy" rally. I suspect that we get a bit more of a rally tomorrow, but not much more. I was looking for capitulation, but I was looking for bull capitulation. Today was bear capitulation. That happens at tops, not bottoms. As MulhollandDrive pointed out, it is the shorts that have been in the way of the capitulation. The damned bears kept on covering before a capitulation could happen. Guaranteed that many shorts were taken out today. They covered and likely lost money. Next target....1996 lows. And I was expecting that to take several months. Now, I think it will happen very quickly.