Having watched the markets this last week, I am beginning to see the big picture you have been talking about.
As a young guy, I have never seen any kind of market capitulation before and I am extremely interested in your experiences and where you see the market heading.
Please respond as I am aware of the downward trend in place.
Where do you see the XJO bottoming seriously as well as the Dow? If we have a rally at all, are they of any substance or short in nature? Basically, is it mostly down for months on end - and hard down, or will there be a decent rally/rallies?
Please tell of your experiences and the outcome. I was not around after '87 etc. but I suppose all market conditions will react to fear in the same way!
