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Strategies & Market Trends : From the Trading Desk

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To: edward shapiro who wrote (2290)	1/12/1998 7:45:00 PM
From: steve goldman	Read Replies (1) of 4969

The term dead cat bounce is used to refer to a bounce which never follows through. It is used to describe a falling stock which seems to bounce off some resistance level, but never appreciates after the initial bounce and seems to continue to make new lows. For instance, ORCL got hammered from 32 down to 21...it bounced back up to 23 i think. then it just faded to its close today of lower levels. This would be a dead cat bounce. You throw a live cat from the kitchen table, it bounces up, springs to life and is on its way. A dead cat hits the floor with a thud and doesn get up. regards, steve@yamner.com

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