Friday, August 20, 2010

How high can a dead cat bounce?

Dead cat bounce is a Wall Street term that refers to a small, brief recovery in the price of a declining stock [Wikipedia]

Don't get sucked in with the rest of the bulls. As you can see from the JSE All Share graph above, there is no real support except at 26 000.

We expect a bit of a bounce in the market today, since there is no significant news coming out today.

If you are long, good luck, since that is the only thing that will be in your favour. At the moment being long in this market is like catching a falling piano...

Safe trading

No comments:

Post a Comment