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Ever seen a dead cat bounce?

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  • notwilightnotwilight Posts: 12,864 ✭✭✭
    Not sure it applies here. The origin of the term is with ugly loser stocks that get a bad beatdown and then bounce up, usually temporarily. "Even a dead cat will bounce if dropped far enough". I don't think you're calling silver a dog right now, are you? --jerry
  • gecko109gecko109 Posts: 8,231 ✭
    Although you are technically correct, I cannot imagine that if you dropped a dead cat off a 20 story building, that its trajectory would be much different from the chart above.
  • COALPORTERCOALPORTER Posts: 2,900 ✭✭
    Yea, a dead cat bounce is a small fake-ouit rally after a prolonged steep decline - this not it. This looks more like a train wreak and crash to come. image
  • grabbagrabba Posts: 1,251
    Thin market and I believe public holiday in Asia will cause the above. I have confidence this is just a small bump in the road to higher records.

    Should be interesting Monday when markets open here.
  • storm888storm888 Posts: 11,701 ✭✭✭

    LOTS of STOPS on SLV will be taken out in the morning.

    There will be some margin calls.

    ..........

    If $38 silver does not hold, I would be a SLOW nibbler on SLV - just
    to get in on the action - but I would NOT go in big until it looked as
    "stable" as a volatile critter can look.

    Folks who have lots of physical silver should watch for a little bit.

    Folks who are SHORT - or shy - of gold, should prolly buy some.


    .................

    Anybody know what kinda volume caused that silver "dip" tonight?



    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
  • WingsruleWingsrule Posts: 3,020 ✭✭✭✭
    I can't reproduce it here, but...

    Go to www.netdania.com
    Click the "Charts" tab
    Once the chart loads, click on "Instruments" and select "silver, spot"
    Click the small "1" box, this will give a minute by minute chart
    Click "View" and check "Show/hide volume chart"

    Put your pointer in the middle of the chart and scroll with the thumbwheel to zoom in or out (reference the timescale along the x-axis)

    Voila!
  • derrybderryb Posts: 37,007 ✭✭✭✭✭
    The two market movers - Fear and Greed.
    You are witnessing Fear at work. When heads cool down the Greed will return.

    Exit bunker, enter Matrix. LOL

  • grabbagrabba Posts: 1,251


    << <i>I can't reproduce it here, but...

    Go to www.netdania.com
    Click the "Charts" tab
    Once the chart loads, click on "Instruments" and select "silver, spot"
    Click the small "1" box, this will give a minute by minute chart
    Click "View" and check "Show/hide volume chart"

    Put your pointer in the middle of the chart and scroll with the thumbwheel to zoom in or out (reference the timescale along the x-axis)

    Voila! >>



    Nice info!

    Thanks!
  • OverdateOverdate Posts: 7,037 ✭✭✭✭✭
    <<Ever seen a dead cat bounce? >>

    No, but I've seen a horse fly! image

    It appears that the biggest 5-minute plunge in silver's history occurred just before the Bin Laden announcement. If the silver crash was triggered by a leak, I doubt that silver will stay down long. It's already back over $44. Too many fundamentals propelling it higher.

    My Adolph A. Weinman signature :)

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