Dead Cat Bounce Please!
Dead Cat Bounce Please!
UPDATE 3:38pm EST: If you’re like me and snoozed to unleg yourself at the top then you’re waiting for a ‘dead cat bounce’ to drop the short side of your hedge.
Since I’ve got channels galore today here’s another one. I think that we’ll have to bust through this and estabish higher highs before I feel comfortable cutting off my short leg. Arrrr arrrrr, and a bo’tle of rum, mateeey!!!
David Viniar – this one is for you, baby!
I’m still laughing watching this… LOL … sniff… sorry folks…
UPDATE Closing Bell – 3: I saw something nasty in the woodshed:
Let’s not get too giddy. I’m NOT saying this is what’ll play out. But looking at the NDX I see breadth around 50/50 right now if you can believe that. This could just be the mother of all bear traps. Further evidence is needed and I think the next bounce will give it to us.
However, we are about to close below 8000 on the DJI – unless some miracle happens in the next 180 seconds.