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Strategies & Market Trends : The Dead Cat Bounce Theory
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To: p. webster who wrote (151)3/23/1997 9:06:00 PM
From: p. webster   of 1836
 
TA for RMCI

Looks like these may be the resistance points.
10.44 .....
11.11 .....

Sorry about the kitty noises.

Ray.

First I would never do a dead cat unless you have a White candle or a Doji. A Must
for me !!! White is much better.

You can calculate it in your head before the close. And you need to be in before the
close as well. That's why I told you about ESOL before the close last Fri. I saw None
this week. DELGF was halted.

univel.telescan.com
The main or real body is the thick part of the candlestick between the open and close.
If the issue closed higher than the open, it will have a white (or empty) body. If the
issue closed lower than it opened, it will have a black (or solid) body. If the close and
the open are the same it will be a Doji. The thin lines above and below the real body
are called shadows, which represent the high and low of the day.

The Black Candles are No no no no no !
univel.telescan.com

RMCI..... has a white Candle. But the 50DMA is moving down. I wouldn't do it. HE MEANS HE WOULDN'T BUY ON THE OPEN
If you do take a quick 10% Gross and run. If it Gaps up to open forget it. Shuda bot it
Fri befor the close. I don't like either.

Wait to see if Walt has any info on DELGF.
IMHO
Ray

Disclaimer: Dead Cat's sometimes get real hungry because they aren't really dead yet
!!! Remember Pet Cemetary ??

MeowwwwWWWWwwwww!!!
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