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Strategies & Market Trends : The Dead Cat Bounce Theory -- Ignore unavailable to you. Want to Upgrade?

To: scott who wrote (1827)	1/10/1998 1:37:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 1836

Scott; just take my word for it, DCBs are really risky in a down market. VERY RISKY..the bounce if any is always smaller, and one miss can clean you out of several wins and then some, DBCs are for after the market starts up, buck that trend and you may win a few but in the long run you will wind up in the poor house. IT's a rule I will not break, no DCBs if the market is trending down, you need to learn it and get some disipline into your trading style. Week before DBCs were showing some life, and I had some hope for them. But this week it went right back to were it has been since OCT. Don't let a few lucky hits teach and re-inforce bad trading habits, check back over time and see why this thread died. Over 90% of the DBCs players lost thier shirt, their pants , and even their underware, they couldn't stop when they were ahead and should have. Again don't let your ego or emotions cause you to try to pick single cases that will buck the trend of the market..it's a sure way to ruin in the long run. In this market you can do much better if you develope "shorting" skills, why waste time on the DBCs. they at best offer very limited gains. Time you take off comish., and the MM spread you can get eat up slowly even if your right 80% of the time. and like I say "one" wrong call and all the profit is gone, if not more. This thread went dead for a reason, tell you what do some serches on SI and look at dead theads vs live ones, and figure it out. Jim