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3/25/20 Deep State is Toast
#3
throw cat theme

Ever hear of a "dead cat bounce?"

Dead cat bounce

Quote:What Does a Dead Cat Bounce Tell You?
A dead cat bounce is a price pattern used by technical analysts. It is considered a continuation pattern, where at first the bounce may appear to be a reversal of the prevailing trend, but it is quickly followed by a continuation of the downward price move. It becomes a dead cat bounce (and not a reversal) after price drops below its prior low. Short-term traders may attempt to profit from the small rally, and traders and investors may try to use the temporary reversal as a good opportunity to initiate a short position.

My guess is don't bet the ranch on the stock market rallying for very long on the stimulus hopes.
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3/25/20 Deep State is Toast - by Eagle1 - 03-25-2020, 08:30 PM
RE: 3/25/20 Deep State is Toast - by ThePaladin - 03-26-2020, 01:44 AM

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