In the financial world of stock charting, there’s a certain pattern known as a Dead Cat Bounce. This pattern gets its name from the saying that even a dead cat will bounce when it hits the ground. In financial terms, this means that when a stock goes down rapidly, it often rebounds slightly before dropping even further. By spotting dead cat bounces in stock chart, traders can anticipate when a stock will likely continue dropping in price.
Since cats can often be better predictors of the stock market than humans, you might want to rely on your cat to help you make a killing on Wall Street.
To learn more about the Dead Cat Bounce pattern, click here.
To see a video explaining the Dead Cat Bounce, click here.
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