Capitulation is a tough word to define.

Does it mean that we will reach lower than 450? for a prolonged period? 350? 250?

I would like to think that this thing will slide for a while, but picking bottoms is a dirty business,

I set my bids weeks ago, and the ones that get hit, I sometimes take the proceeds and place some asks to hedge against another dip, but I currently have no asks below 800. I think the move, when it comes, will be swift and violent.

I'm just curious, how low do you think final capitulation could be?