Dead Cat Bounce or Another Higher Low?

Last week we saw bookend gains, but the downside in the middle was just too much to overcome. The indexes finally took a dip which lasted more than a couple of hours, and that’s actually a healthy thing whether you’re bullish or bearish.

This week should be an interesting one as we wait for more clues as to whether the sellers will use the relief bounce to continue unloading shares at higher prices, or if the bargain-hunters are going to resume their usual activity of buying all weakness. One thing is for sure, and that is that last week’s dip helped to shake up many individual stocks, which is a good thing for those of us who trade from the charts. No matter which way you’re leaning this week, be sure to check out this week’s Market View page over at TheStockBandit.com for a closer look at the indexes.

Trade well this week!

Jeff White
President, The Stock Bandit, Inc.
Swing Trading & Day Trading Service
www.TheStockBandit.com

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