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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.

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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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