Last time, I said these guys were a bit heavily loaded, and I wanted to see how much was unloaded after the day of the big drop.
So far... not much capitulation. Prices haven't changed too much since then, so they're still holding. Look at whe the last set of bounces occured.. when bearishness hit like 30-40%. We ain't there yet.
I dunno why, but the dip buying mentality is very evident on this board. No one believes in this decline despite the fact the last IT correction took the Nasdaq down 20%, and we're barely down like 7% now.
COT charts say
Started by
dcengr
, Mar 05 2007 09:34 AM
1 reply to this topic