Dead Cat Bounce is expected over the next couple of days. Use it wisely. A good shorting opportunity will be 20 or 30 points higher on S&P. If the market continues lower with no real bounce, I will continue to stay neutral.
Denleo
Dead Cat Bounce is expected
Started by
denleo
, Jan 12 2009 04:38 PM
2 replies to this topic
#2
selecto
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- Traders-Talk User
- 6,871 posts
Member
Posted 12 January 2009 - 04:53 PM
I agree. Stuff says we likely bounce in here, perhaps go test the wedge/flag/triangle breakout. What happens there
could tell a big story.
#3
Slothrop
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- TT Member
- 625 posts
Member
Posted 12 January 2009 - 04:57 PM
Dead cat bounce has been in effect since 11/21. It's not over yet.
