My post didn't say there would be capitulation then. What I said or meant was either there would be ( at some point ) indicating the end of the down cycle, or there would be a bounce from the hair below the 200MA it touched on Thursday. The bounce occurred and it's still oversold which means the bounce can go further. Fact is that an awful lot of damage occurred since it touched the recent high. So it needs time to repair.
My position is held and will continue to be awaiting the next entry point. Certainly not sure from what px that will come but do know it will.