DEAD CAT BOUNCE

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

  1. Silverrider

    Silverrider Active Member

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    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?
     
    Silverrider, Mar 16, 2011
    #1
  2. SilverSanchez

    SilverSanchez Active Member

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    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
     
    SilverSanchez, Mar 16, 2011
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  3. goldpelican

    goldpelican Administrator Staff Member

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    Screenshot of ASX:

    [​IMG]
     
    goldpelican, Mar 16, 2011
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