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Showing results for tags 'bounce'.
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What we see today is perfect example of dead car bounce. STI drop by about 80points in morning trade only to recover that 80 points to above 2800 by afternoon and then drop 35 points at time of writing this. Really treacherous. How many people cannot get caught by such dead cat bounce? Heard of people who play contra in such market, which is an akin to gambling. Got stock market to take away people's hard earned money. Now got casino also. Any comments by anyone, novices or experts most welcomed for your comments.
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Saw it on the newspaper one leader in auto industry said next round will sure back above to 10K. I am doubt so because I notice everytime they say something, it always went to the opposite side. What's your thougth?