Friday, April 28, 2017 9:00:37 AM
Did you know that for a move in a ticker to be a DOWN TREND, the trend line that you must draw will have the left side starting ABOVE the end of the of the trendline to the right and of course the right side finishing below the start of the line on the left.
As you can see in the link picture below, the RED TRENDLINES are clearly drawn and the angle of the red trendline is DOWN from left to right.
http://3.bp.blogspot.com/_uoQsu0vbWqo/TEQsWwQdvLI/AAAAAAAABYk/V4HsDZrtODg/s400/dead_cat_bounce.gif
A trendline is sometimes very difficult to discern although it is one of the least challenging of indicators for most any technical analyst.
Just a side note so that you know what you are looking at, the definition of the dead cat bounce also says something about if a cat falls FAST enough and HARD enough then even it will bounce. This statement refers to the originator's thought process of the term DEAD CAT BOUNCE. HARD enough and FAST enough.
As for TTCM the recent VERY SHORT TERM pull back or retreat in the ticker looks much more like a feather floating back and forth and finally landing softly on a pillow. I think I will term this the "sleepy retreat"
Yawnnnnn.
Peace
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