Thread: Capitulation?

By the looks of the indices we may be. I was suprised to see the dollar straighten tho.

tsptalk wrote:

Are we seeing that capitulation "V" reversal day?

OK, maybe it will be more like a "W" ...

hehehe

Yes, well, yesterday and the day before, my stocks were definitely weighing down the index (12% drop, then 8% drop). Today, however, hump-day, the turning-point day on a weak-start, end-strong week, my stocks bounced back as quickly as they fell (10% rise)--a "V" big-time so far. A towel after a bath feels mighty nice.

...Oil (heh) and a massage would be better... :u

V - o - l - a - t - i - l - i - t - y to separate the men from the boys, right, Az?



<cackle>

Hmmm. Is today the "V" day? That would be too convenient. So far so good though. The S&P 500 did touch the 200 day moving average. That would be a nice place for the turnaround.