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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: Jason Loren Bauer who wrote (1534)6/13/1997 1:49:00 PM
From: Crabbe   of 1836
 
Not much of anything is going to bounce today as the Dow is still going nuts over the economic news. At least that is what I have observed in the recent past, when the Dow surges the money flows into the NYSE and not into the NASDAQ. Even with the NASDAQ doing well today that pattern seems to be holding.

GGIT is doing ok for me. I bought at 1 1/8 early got a buy in the spread, Then I sold it at 1 3/16 also in the spread when the price was dropping, while the 1/16th wasn't a lot it was better than no action at all, Then rebought it at 1 1/8 a little later got that order at the bid.

Yes I am intending to hold till Monday. Probably will buy more if the price holds, or starts climbing.
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