beware of deadcat bounces

The DJIA had a 284 point turnaround from the high to the low to close down 146 points. Beware the dead-cat bounce in the ASX. The overall market has topped out and heading lower overall, probably by around 10%.
Also, beware of the dead-cat bounce in AGM. A few got caught out on the latest rally to 80c, falling for the classic dead-cat bounce. I maintain my view that AGM is a solid buy in the low 60's. That's where I'll be buying AGM again.