Why? Have you lost your taste for wine, chocolate and other essentials, SL?
:)
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Limitations of a Dead Cat Bounce
As mentioned above, most of the time, a dead cat bounce can only be identified after the fact, which means that traders that notice a bounce after a steep decline may think it is a dead cat bounce, when in fact it is a trend reversal - that is, instead of being a short-lived bounce, the rally may signal a prolonged upswing. How can investors determine whether a current upward movement is a dead cat bounce or a market reversal? If we could answer this correctly all the time, we'd be able to make a lot of money. The fact is that there is no simple answer to spotting a market bottom. Investopedia
For me it's the shape of the bottom. Seldom (never?) has there been such an extreme sell-off, followed by a v-shape bottom, then continue as if nothing had happened. Especially this time around. The (global & local) economic damage from Covid is going to grind on for quite some time, don't you think?
any half decent definition applies all the time.
every crash is scary and seems new at the time. if it wasn't scary people wouldn't panic sell.
and yes the increased volatility around the 61.8% fib level is a sign of uncertainty.
given that we are now clearly talking about 'The Market' and not Ebos I will post in another thread (Dead Cat Bounce thread) what I think the SP500 will most likely do.
EBO has hardly moved. I was consider buying in at 17 but we may see 20 at some point.
I like the term " mutually beneficial outcome".
https://newswire.iguana2.com/e30d7c2...ion_of_7th_CPA
Still looking at the share price chart and not seeing the need to buy back in yet.
And when it becomes time I may not have any spare cash :mellow:.