Ann: S&P DJI Announces September 2019 Quarterly Rebalance, page-42

Let me explain

The term dead cat bounce refers to a formation on a chart.

Imagine if you will a cat being thrown out the window of a building and falling to the pavement below. Although I have never seen this in person, supposedly the dead cat bounces slightly into the air and then falls back to the payment.

This phenomenon may also apply to a stock which has been falling for a while and then suddenly hits bottom and bounces. Those that realise the stock has hit bottom may then jump in believing the stock has turned and temporarily push the price up only to find that the rally is short lived nd soon the stock falls again and they lose out yet again.

This does not mean the stock is dead or doomed, only that the chart has mirrored the trojectory of our cat being thrown out the window.

I am surprised you have not heard of this term.