So errrrm, what is the fraction or multiple of gain for said "bounce" (depending on whether your yay or nay on the stock) for these 8% "capitulations?" Does that makes sense? In other words, how would I know when to cover if something goes horribly wrong?
I had to step out and come back to a barrage of posts. Don't confuse an 8% take out the stops play with crapitulation first of all. Second, today I think we need to be looking at the overall market to a greater degree in order to get a proper sense of what's happening at this point in time. Always look to the overall market, but today especially so IMHO
Got some things to do so I will be in and out rest of day. Good luck.
BTW...Thanks Cuda, I read a couple of posts that require that response so far but I have not yet read them all and in detail.