Thursday, May 20, 2010

Capitulation

This is pretty close to capitulation.  CNBC guests are mostly bearish and it seems like we are going to bounce.  I think a bounce can happen at anytime.  I think we've seen the lows for this down move.  The euro is bouncing hard above 1.25 which tells me this late day bounce is sustainable.
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5 comments:

  1. Anonymous5/20/2010 02:59:00 PM

    I still think it could get fuglier. Not buying yet - more downside coming.

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  2. Anonymous5/20/2010 03:58:00 PM

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  3. Anonymous5/20/2010 04:08:00 PM

    More SCOK @ 11.97

    od

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  4. Anonymous5/20/2010 04:33:00 PM

    mkt down 4% today? sounds like capitulation to me.

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  5. Mutual Funds India5/22/2010 02:51:00 AM

    Hoping you will give more updates on Monday.

    ReplyDelete