Comments on: Capitulation Averted BUT Prepare For Massive Short Term Rally

By: Weekly Capitulation Off Major Support; Will Drugs & Medical Lead The Way? | Self Investors

Tue, 14 Oct 2008 02:08:38 +0000

[...] In my last weekly report, I mentioned the near vertical drop in the indices as they approached major support areas of a well defined bear market downtrend and to be prepared for a massive snap back rally. We finally got the long awaited rally this week as better than expected results out of Wells Fargo, JP Morgan and Citigroup and plummeting crude prices helped to ignite the rally. The question now becomes just how strong a rally was it and does it have legs? Was that Monday low of last week a long term bottom? I think the chances are good. [...]

By: Marc

Marc — Sun, 03 Aug 2008 18:15:24 +0000

Look at this chart about Morgan Stanley capitulation index. It’s reaches an historical bottom:

http://investorsconundrum.com/english_edition/2008/08/%c2%bfare-we-close-to-a-capitulation-in-the-stock-market/

By: Kevin H

Kevin H — Sun, 13 Jul 2008 18:12:00 +0000

I’m not surprised to see the below industries in the worst performing industries list. They’ve been hit hard this entire year.

1. Mortgage Investment: -31.50%
2. Toy & Hobby Stores: -12.00%
3. Specialty Retail: -11.75%
4. Resorts & Casinos: -10.80%
5. Lodging: -10.30%
6. Apparel Clothing: -10.15%
7. Banks – SE: -10.05%
8. Office Supplies: -9.70%
9. Investment Brokerage – National: -9.40%
10. REIT – Hotel/Motel: -8.30%