So with silvers action today. Did we get a dead cat bounce Monday and Yesterday or is this normal market motion. The chart looks like it could be headed lower. Support is at 26.39. Below that closing price look out.
Re: Dead cat bounce
Posted: Wed Sep 28, 2011 2:05 pm
by barrytrot
Moving $3 in any direction is neither a bounce nor an upswing nor anything. The market it super volatile. If it moves $3 in the same direction for 2 days that's a direction, but right now it's above $30 again. It just moves people
Also, I don't think dead cats bounce much anyway. I don't have one handy, but I'd like to see some data on that also.
Re: Dead cat bounce
Posted: Wed Sep 28, 2011 2:14 pm
by erblaz
You'd be suprised. Drop them 10 stories and the SOB's really move off the ground