Thursday, April 27, 2017 10:25:19 PM
A dead cat bounce is a temporary recovery from a prolonged decline or a bear market that is followed by the continuation of the downtrend. The name "dead cat bounce" is based on the notion that even a dead cat will bounce if it falls far enough and fast enough.
http://www.investopedia.com/terms/d/deadcatbounce.asp
I clicked on your link to the copy above. This paragraph is THREE PARAGRAPHS BEFORE your Quote on the very same page as a prerequisite to the paragraph that you posted.
To be clear, a DEAD CAT BOUNCE is a temporary recovery from...A PROLONGED DECLINE OR A BEAR MARKET and is followed by a continuation...
So you see, as proof in the chart below, we are no where NEAR a BEAR MARKET so lets cross that out. Then lets look at the trend. Is it a down trend as the rule requires or is it an up trend or a consolidation (sideways).
http://ih.advfn.com/p.php?pid=chartscreenshot&u=cdHRrSZ7l8LIjS4afATF1zDqtG3t%2FsdLRVGjEvmQp7A%3D&kslash=s
For the life of me I cannot find a single "PROLONGED DECLINE" as required by the very first sentence in the very first rule of the very writing in which you copied and pasted.
I have drawn three trends and I cannot find a single PROLONGED DECLINE in the entire chart for two years. The decline in 2016 definitely FELT like a PROLONGED DECLINE I am sure but in all reality and granted this is hindsight, in all reality it was a simple Fibonacci entrancement to about 66% and as we see in hindsight, it is a correction to a PROLONGED ASCENT in the ticker which is.
Please consider reading and providing the entire article or entire dictionary's definition of an investment term. It would be helpful to others.
Thanks and always appreciate an opposing view.
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