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Thread: 'Dead Cat Bounce' and forward P/E ratios

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    Banned Melonie's Avatar
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    Default 'Dead Cat Bounce' and forward P/E ratios

    (snip)After the market blew down through important long-term support last week, this week we have gotten a nice oversold bounce back into the resistance (formerly support) zone. This rally is most probably driven by short covering, and we have to wonder how much more of that demand will be triggered to keep the rally going. On problem now is the heavy resistance barrier, formed by a convergence of trend and resistance lines, easily seen on the chart. (snip)



    (snip)Assuming that 2009 earings come in close to the estimates, valuations will still not be so great (estimating a P/E of 23.2 in 2009 Q4), but I am not inclined to put much faith in the estimates. There is still so much bad news in the economic pipeline, it is hard to imagine what earnings will look like a year from now. (snip)

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    Veteran Member person's Avatar
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    Default Re: 'Dead Cat Bounce' and forward P/E ratios

    I can see the vampire tooth forming
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Default Re: 'Dead Cat Bounce' and forward P/E ratios

    LOL^^^ I predict a nice long reverse head and shoulders pattern....and many years of prosperity in the U.S. of A.

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    Default Re: 'Dead Cat Bounce' and forward P/E ratios

    Short 5 June ES contracts at 771
    Rebecca Avalon







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