ziggy29
Moderator Emeritus
I sense that this wasn't it, but that we're pretty close. Those were two pretty spectacular rallies fed by people waiting to go bargain hunting -- showing the pent-up money waiting on the sidelines to buy with a vengeance. And the subsequent selloffs, while indicative (often) of not having the bottom just yet, the decreasing ferocity of the selloffs -- especially given the relative mildness of the closing bell sell off -- suggest to me that most of the determined sellers are done. The huge waves of selling looked fatigued.this ain't it. the drop in the final quarter hour of trading, against the strong (and impressive) run-up which preceeded, suggests there are still a lot of sellers out there. and, the number of bottom seekers suggests there's still more $ to be lost before we've seen "capitulation".
Then again, maybe I'm FOS and talking out my butt. Could be!