when is capitulation day?

When Goldman files BK

 

Sentimentrader's ROBO (retail only buy on open only) put/call ratio now slowly approaching levels that were reaching during previous major lows. Obviously retail traders were rather complacent during the recent market decline, until now:


http://www.sentimentrader.com/subscriber/charts/WEEKLY/PC_ROBO.htm

 

This market may need to run into the ground over and over before it bottoms.

pays

 

Something to be aware of is that 1225.34 was a .618 fib ratio of the previous leg ( before this one ) down.

Actual low today so far: 1225.01

 

we need some serious big movements for this capitulation to occur. the market jsut refuses to let that happen, the slow grind towards 10k continues..