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Dead Cat Bounce Please!
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Dead Cat Bounce Please!

Dead Cat Bounce Please!

by The MoleFebruary 4, 2009

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.

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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