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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?


To: Michael Watkins who wrote (9695)3/3/1999 3:18:00 PM
From: Richard Estes  Read Replies (2) | Respond to of 12039
 
I have never been sure what a dead cat bounce means. But coms is in a 3 wave down, a bounce will come somewhere on the way down to the 5 wave bottom, it is called a 4 wave. It depends on if someone trades by hour, day or week, how it would be handled. For the average position trader, this stock isn't at a low. Worst case 12.25, best case: 18.88 for low. The bounce shouldn't break 30.

Who knows?