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?
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".
Split
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".
Split
counter_violent
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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 !Poor kitty...are you suggesting this dead cat bounced up ..hit some kind of ceiling at 4106 and is now bouncing down again
Well I was right, but of course like most cats this one has more than one life and it has bounced up again !
