Ralph Acampora: Capitulation is a Process

By on August 8, 2011

Veteran market technician Ralph Acampora says we are in a process of forming a bottom. He said we’re close to something that could be climactic and a credit downgrade of U. S. debt could cause more fear and a capitulation.

[The interview occurred before U. S. debt was downgraded by S&P after the markets close on Friday]

Acampora sees more weakness ahead in the middle of the week.

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