Dead Cat Bounce
- Thread starter LacesOut
- Start date
IMV, this bounce is too big to be of the "dead cat" variety. Something else is at hand....
There never was a bounce, we dropped, we're up.
Don't anticipate, participle
Don't anticipate, participle
Everything is maybe... when it comes to the markets, you can never be sure about anything.
The Trillions being spent around could propel the dead Pussy even higher. But i have my doubts that we will go much higher.
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lovethetrade
IMO, the market is now heavily overbought. Investors will start pricing in the economic data from April onwards.
You'd have to be mad to buy a lot of stocks now, they are at ATH levels. That's why they're switching the focus to transport and airlines now to see if those stocks can keep the overall market elevated.
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where's the fat lady? then it ain't over.
furthermore, lol,
dat cat may have shed a life, but no apex, no dcb, the cat freakin dropped a tootsie roll in your pillow-case, and now he's haulin ass up a wall of worry, shreddin the drapes, and he ain't dead by a long shot. the nq's well above the gap area, above the 618 retrace too, we can look forward to some frisky action on retests of those someday on lower timeframe charts, so there's that to look forward to.
How is this possible? ask a fundamental trader for that info.
the charts show stuff like this.
here's a youtube on trading dead cat bounce / gap trading setup - that did not come to pass on that daily chart. kitty's ass is on fire. cheers
https://www.elitetrader.com/et/thre...st-right-here-baby.335635/page-8#post-4987957
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lovethetrade
It's not a dead cat bounce but there's a strong possibility this is the top of a 12-18 months bear market.
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you may well be right. I see no obvious ta sell triggers yet.
would there be anything in particular that we can point to that demonstrates why and when to expect and act accordingly for 12 - 18 mo bear?
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Put dead cat in freezer for a few days, then no bounce, more shatter.
Been uptrend D1 for 15days here, which is impressive ( Dow ) patterns reads of distribution to me, smart are leaving slowly while the stupid are buying from them and when the smart are finished it'll drop like a thing that drops very quickly.
Unless then, still uptrend
Glad I'm a near scalper
Been uptrend D1 for 15days here, which is impressive ( Dow ) patterns reads of distribution to me, smart are leaving slowly while the stupid are buying from them and when the smart are finished it'll drop like a thing that drops very quickly.
Unless then, still uptrend
Glad I'm a near scalper
Well, if you have just been riding the Nasdaq 100, I think you have a slight gain year-to-date!