Recovery or Dead Cat Bounce?

[CapnBirdseye]

I did think that this kitty was a goner. I'm happy to play with kitty while it has some life left.... it may well be running around and catching mice soon than a lot of us expected. Only thing is the USD....

 

[Mitsimonsta]

Thoughts of the board on this news?: http://www.bloomberg.com/apps/news?pid=20601087&sid=aeozoA3z3Tz4&refer=home

I can see it boosting the financial institutions somewhat, and bringing overall stability to the market. I also tend to think that these new accounting rules will prevent us going back to where we were, or dipping lower again as most of us pretty much expected to happen.

Discuss.

 

[nomore4s]

Except I had 4 months holiday last year :bier:

B@stard:

A higher low is now the important part imo. How the next leg down plays out will be interesting and give a few more clues I think.

 

[Uncle Festivus]

I don't know what you traders think of the situation but all I see is that when bad news comes the market doesn't fall too much, yet on any good news the market rallies a lot. Not sure if that means we have hit THE bottom but we did hit a bottom at least.

Similar symptoms of the previous 'bull' market? Just proves that the capitulation low hasn't been reached yet?

Except I had 4 months holiday last year :bier:

As for this pussy cat. She will probably roll over after the open ah la gap fill, but what I would be looking at is we have a chance for some higher highs in a couple of the sub index charts and some of the big caps. AND some 150 points higher in the XAO/XJO.

If we can also get a higher low come late April/May it would be a BIG signal for those that like to look at pretty bars & squiggly lines.

Yes, I guess the chart jockeys will be getting a leg up from every Central Bank in the world now the con is official? It will be a huge blow if it doesn't pan out that way, say, the economic reality like unemployment keeps going UP? A few short indices tonight maybe?

 

[Nero64]

As soon as I get my money back from the latest Charlie Aitken dodgy tip, ie BSL I 'm out and staying out, only about a grand down at present from Friday.

Hey Mr Burns seems like Charlie was right.

BSL up another 25c today.

You should of held for a profit....lol

 

[MrBurns]

Hey Mr Burns seems like Charlie was right.
BSL up another 25c today.
You should of held for a profit....lol

Yeah I might have been holding forever.

Lost $500 if I held for another 24 hours would have made $900, it just rose with the general market nothing to do with Charlie Aitken but I shouldnt buy shares at all I havent got the patience.

I was down $1500 3 days after buying them, how was I to know it was going to recover ?

It's just gambling......

Bloody annoying though

 

[Aussiejeff]

Yeah I might have been holding forever.

Lost $500 if I held for another 24 hours would have made $900, it just rose with the general market nothing to do with Charlie Aitken but I shouldnt buy shares at all I havent got the patience.

I was down $1500 3 days after buying them, how was I to know it was going to recover ?

It's just gambling......

Bloody annoying though

Aww shoot. Try putting it all on RED next time, pardner!

 

[MrBurns]

Aww shoot. Try putting it all on RED next time, pardner!

Seriously......? next time I will.

 

[MRC & Co]

What is with the having to spend all day behind a computer to trade for a living?

Some guys make millions with 2 hours or less a day.

You can even read about them on the internet if you actually search and don't just read BRW or the local newspaper. And you don't have to be any kind of genius.

 

[nunthewiser]

What is with the having to spend all day behind a computer to trade for a living?

Some guys make millions with 2 hours or less a day.

You can even read about them on the internet if you actually search and don't just read BRW or the local newspaper. And you don't have to be any kind of genius.

Dont even have to know how to spell or wear pants if u dont want to

 

[MRC & Co]

Dont even have to know how to spell or wear pants if u dont want to

lol.

I've seen your calls nun, and I know their at over extended, freekin good times! If your calling yourself the average punter (as I am), then I agree.

 

[nunthewiser]

lol.

I've seen your calls nun, and I know their at over extended, freekin good times! If your calling yourself the average punter (as I am), then I agree.

yeah m8 just an average punter , win some , lose some ........ dont have to wear pants to work ...love it

 

[So_Cynical]

Aww shoot. Try putting it all on RED next time, pardner!

Nothing wrong with that as long as u cover yourself with 50% of your investment on evens
and another half of that on 25>36..and perhaps an outsider bet on 7,8,10,11...that way your
pretty well spread with a very high winning ratio.

 

[Uncle Festivus]

yeah m8 just an average punter , win some , lose some ........ dont have to wear pants to work ...love it

Ooo.....pretty insistant on this pantless punter thingy.....doesn't make for a good visualisation......a nun trading FX without pants........you got the undies on havn't you?......uh oh where is this heading!

The Pantless Punter, the tracky dak trader, the undie fundie, the stock jock, the hipster tipster.....

 

[nunthewiser]

LOL "the pantless punter"!


maybe time for a namechange

 

[marklar]

Anyone willing to call the apogee of the Dead Cat Bounce anytime soon? I've got a few things that have popped up in my watchlist this week for an entry, but I haven't.

m.

 

[So_Cynical]

GM will fall over in 3 or 4 weeks...also quarterly reporting season in the US
so lotsa bad news in the next 3 or 4 weeks...im planing to bail mid April.

 

[psychic]

GM will fall over in 3 or 4 weeks...also quarterly reporting season in the US
so lotsa bad news in the next 3 or 4 weeks...im planing to bail mid April.

I agree, we are about to hit new lows over coming weeks

 

[Sean K]

GM will fall over in 3 or 4 weeks...also quarterly reporting season in the US
so lotsa bad news in the next 3 or 4 weeks...im planing to bail mid April.

Factored in

 

[Gordon Gekko]

There will be no more "devestating:" news only bad news or slightly worse than expected. The governments of the world have would not have moved forward with the G20 agreements unless there was absolutley no more suprises that could not be at least spun positively.
That with the changes of mark to market accounting will in my opinion drive the market side ways to build a base at around 4000, then its anybodys guess.

Manufactued or not the bottom is in at least for this cycle.

my

G