Goose -

The recent action in MEO fits the definition of capitulation. That being, going down and staying down for so long that all hope is lost. This cycle occurs in markets as well as stocks.

At the risk of sound optimistic (and then receiving numerous jabs, insults and guffaws from other posters), the reversal of the SP usually only happens after the capitulation has been achieved.

I recall that sometime in November the "tight hole" status expires. I hope for the "reversal" to come after that NR.

- Panamax