Then, if I understand right, it would be another term for the time in which there is ' total capitulation '?
On television last night (don't ask which station... I was hopping through the channels), a market analyst stated that there was significant capitulation in Friday's market action, especially considering the action of the prior days. He felt that those stats could very well provide for a short term bounce Monday (although he felt there could be more downside thereafter due to lack of liquidity or market stimulus).
He couldn't, based on what he was trying to convey, have said "blow off bottom" if he truly felt there was more downside. Is that right? He would reserve that term for the time he thought all downside was exhausted.... OR.... can he have used it intermittantly during a multiple downside trend??
Trust me, if I get this down, I will certainly understand what folks are saying when they say it! I think my confusion is like "the war is over"... <- someone surrendered??? ...Or... if they said "the $%^# surrendered", I would absolutely KNOW they were saying "the war is over", AND I would know who won.
And... I certainly thank you for helping!