voltaire, interesting post. As someone mentioned above, don't you think that the late Friday action was more like exhaustion from the bulls than capitulation? I would have thought that capitulation by the bulls might be a further big discount after the bell on a day that was already a big down day for stocks? Or perhaps, further premium on an already heavily bullish day as an example of capitulation by the bears? Exhaustion, on the other hand, is the sort of rapid decline seen after a parabolic up trend climax, or a rapid bounce after a waterfall decline. Watta ya reckon?
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