Encyclopedia of Chart Patterns

Voodoo economics of The Pit

[from Planet Money] Oil Traders Find A Profit In ‘Voodoo’ Science by David Kestenbaum All Things Considered, December 11, 2008 · Economists use lots of fancy math to try to understand the economy. The problem is that their equations don’t always take into account the millions of real people making decisions small and large. Take the practice … Continue reading

Dead cat bounce

In economics, a dead cat bounce is a small, brief recovery in the price of a declining stock. Derived from the idea that “even a dead cat will bounce if it falls from a great height”, the phrase, which originated on Wall Street, is also popularly used to any case where a subject experiences a brief resurgence during or following a … Continue reading