A contrary indicator indeed. I still wonder who even pay attention to CNBC. Also, I wonder why people tend to worry themselves over something they obviously cannot know. Are we in a capitulation phase, no one knows; are we bound to go down lower or start a new trend from here? No one knows either.

One thing we can only do right now is to just blend with the trend and however the market comes we take advantage of it for the future which means rather than worrying about capitulation, be worried about accumulating from now on, as simple as that!