Fib
Bearish capitulation
Started by
NAV
, Jan 11 2010 11:18 AM
32 replies to this topic
#31
fib_1618
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Posted 11 January 2010 - 04:18 PM
Whoops, that was the volume data. Here's the breadth data.
Fib
Fib
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#32
arbman
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Posted 11 January 2010 - 08:46 PM
The above charts are exactly what I posted last week and in the above link... If NYMO dumps below zero, then you will have the exact replica of Feb 2007 on the chart at least, I am not sure the magnitude of a decline in the index prices will match it, but Hurst FLD setup says it should, there is a beautiful setup for down cascading FLDs... and that what I also posted since last week...
#33
NAV
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Posted 11 January 2010 - 09:52 PM
The poll results do not seem like overall bearish capitulation yet, with about 50% short around these levels and only 22.5% having thrown in the towel.
