I'm just using the technical analysis definition of that move - Gann called it a 'blow off' move, Dow called it a 'panic phase' - its all indicative and evidence of a capitulation move and specifically in Dow Theory and Gann Theory, these moves are the final moves in a bear market.
Nah. I don't think that was capitulation.
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There us still too much hopium. That has to die out before a phase to start
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I'm just using the technical analysis definition of that move - Gann called it a 'blow off' move, Dow called it a 'panic phase' - its all indicative and evidence of a capitulation move and specifically in Dow Theory and Gann Theory, these moves are the final moves in a bear market.