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.
Subscribe to:
Post Comments (Atom)
Posts
5 comments:
I still think it could get fuglier. Not buying yet - more downside coming.
More SCOK @ 11.97
od
mkt down 4% today? sounds like capitulation to me.
Hoping you will give more updates on Monday.
Post a Comment