DEAD CAT BOUNCE

Discussion in 'Stocks & Derivatives' started by Silverrider, Mar 16, 2011.

  1. Silverrider

    Silverrider Active Member

    Joined:
    Dec 13, 2010
    Messages:
    256
    Likes Received:
    55
    Trophy Points:
    28
    Location:
    Australia
    I don,t know about anyone else here but today has all the classic ingredients of a DEAD CAT BOUNCE...will the asx hit 4000 in 1 week?
     
  2. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,679
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Melbourne
    What is your evidence?

    "A "dead cat bounce" price pattern may be considered part of the technical analysis method of stock trading. Price patterns such as the dead cat bounce are recognized only with hindsight. Technical analysis describes a dead cat bounce as a continuation pattern that looks in the beginning like a reversal pattern. It begins with a downward move followed by a significant price retracement. The price fails to continue upward and instead falls again downwards, and exceeds the prior low." - Wikipedia
     
  3. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,917
    Likes Received:
    379
    Trophy Points:
    83
    Screenshot of ASX:

    [​IMG]
     

Share This Page