Dead Cat Bounce

This is a discussion on Dead Cat Bounce within the Indices forums, part of the Trading Choices category; Today we have a typical dead cat bounce scenario. At time of writing the FTSE has risen then bounced off ...

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Old Oct 10, 2008, 5:23am   #1
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Default Dead Cat Bounce
Today we have a typical dead cat bounce scenario. At time of writing the FTSE has risen then bounced off a top of 4106. Sell now from here, FTSE could go as low as 1700 in theory. See this article BBC NEWS | Business | How low can the stock market go?
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Old Oct 10, 2008, 7:06am   #2
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It's a bear market until it proves it isn't. I've been a shorter since before summer. The more I do, then the more I can take it when I'm wrong.

Correction. I haven't done much during this last couple of weeks--too hectic. As the coppers say in the best crime novels, "I'm getting too old for this s**t".

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Old Oct 10, 2008, 7:51am   #3
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Originally Posted by mclhrr View Post
Today we have a typical dead cat bounce scenario. At time of writing the FTSE has risen then bounced off a top of 4106. Sell now from here, FTSE could go as low as 1700 in theory. See this article BBC NEWS | Business | How low can the stock market go?
Poor kitty...are you suggesting this dead cat bounced up ..hit some kind of ceiling at 4106 and is now bouncing down again it must be in a right old state by now !
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Old Oct 10, 2008, 10:28am   #4
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Poor kitty...are you suggesting this dead cat bounced up ..hit some kind of ceiling at 4106 and is now bouncing down again it must be in a right old state by now !
Well I was right, but of course like most cats this one has more than one life and it has bounced up again !
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Old Oct 10, 2008, 10:32am   #5
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I hate cats...
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