24-Oct

It would be better to see real capitulation and not a market getting saved

With Asia markets down over 10% and Futures limit down, one would rather see real capitulation and not markets getting saved. Forced Liquidations continue to be rampant and it would be better of those that want to sell get out of the market and capitulate, otherwise we have these saving days that only inspire hope for a day or two. If capitulation could occur, we could then see a massive upside rally of historic proportions...for now everyone is hoping for a better rally to sale at better prices. I was hoping to see a huge washout of the October lows on the open...that has not occurred, but we may see it before all this is said done...the issue is when. The sooner the better and on huge volume.Personally I stick to only a few days trades and not put risk overnight as the markets continue to be panic driven and this emotion cannot be calculated.

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