BoomTime A "dead cat bounce" is when a stock has been falling hard for awhile and get's a knee jerk re-action, up A good example would be gmed yesterday. This is a bounce down off resistance. Accompanied by a couple nasty gaps. In other wordds, this would only be a "dead cat bounce" in you were short the stock The thing about gaps is that they always fill eventually. Esspecially on a stock with an o/s like gtel Watch to see if todays high breaks. We may get a fill when a pr comes out