DellGriffith wrote:Certainly don't see this is as a bottom. Can't have a bottom until a bona fide capitulation day, which this is not. Capitulation is a massive drop and finish near the lows of the day. And that doesn't even mean the end of the correction is on that day - it can continue. But we haven't had THAT day yet. So we're still going down, and THAT day is still in the future somewhere.
Depends on your time frame.
This a short term low day. cap on st move.
Naturally not cap day of a multi-year bear market - we are just starting the bear...
Educational only and not trading advice (EO&NTA) Good trading to all