Quote from scriabinop23:
...
panic is high... either it crashes, or we bottom here.. its definitely a capitulative event.
Quote from osorico:
Respectfully disagree scriabinop;
Dramatic, yes, capitulation, nope. Capitulation will occur when buy-the-dip mentality is scared, after they have incurred the wrath. A level 1 circuit breaker day will assist the process.
Not saying there won't be an oversold rally in the near-term, just that declaring a definitive capitulatory bottom is not prudent.
Osorico