Dead cat bounce?
1 posted on
08/16/2007 1:00:40 PM PDT by
abb
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To: abb
Yep! The Chairman MUST CUT rates tomarrow, if not sooner.
53 posted on
08/16/2007 1:23:40 PM PDT by
BlabItGrabIt
(Sly, Shy, and Wry)
To: abb
A couple or two weeks following the peak price in 1929 there was a vertical moonshot just like the last half hour today. The price evolution actually tracks very closely, day by day. Basically op-ex short covering and a resurgence of hope to be followed by a drawn-out swoon.
73 posted on
08/16/2007 2:33:47 PM PDT by
steve86
(Acerbic by nature, not nurture)
To: abb
Great finish....
short-term, that is a very positive technical trend.
intraday reversals after down days are usually turning points.
long-term, depends on how many other shoes drop.
78 posted on
08/16/2007 3:29:58 PM PDT by
WOSG
( Don't tell me what you are against, tell me what you are FOR.)
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