JMHO...DEAD CAT BOUNCE if it does...Look at the relationship to...

JMHO...

DEAD CAT BOUNCE if it does...

Look at the relationship to announcements and the SP action.

High probability it will bounce and a higher probability that it will retrace thereafter.

This is an old chart that shows the relationship between announcements and SP action.

I don't have the time to update the Chart but if you take the time to correlate announcements to the SP action after the announcement you will find a very high correlation of the SP retracing shortly after the announcement.

JMHO I have only been holding for 5 years (PSD & PSDV). LOL

Would like to be proven wrong. Time will tell..

Good Luck.

Cheers,
Brantley