Capitulation 10/8/08 ? Stocks Set to Rebound?

The Stock Market has shook off a global rate cut today so far.....Dow Jones was up over 250 points in pre market but has since gone down 400 points off the highs.

Look for a major washout early followed by a rally going into the end of the day.....if we can tank and then end positive today...that could be the capitulation bottom everyone is loking for.

You need to see everyone selling everything...and then a strong rally with HEAVY volume....no major pullbacks on the way up....just a surge in buying.

Lets see if it happens today!