Whoever started this topic was completely ignorant of the TA in the real stock markets - text books are only good for picking up the terms. They don't teach you how to use them in real trading.
"Dead cat bounce" refers to the counter moves in a firmly downtrend situation.
In a strong uptrend, as is the case with WNR and all refinery stocks, the counter moves are called "correction", "rest", or "consolidate".
Make sure you get it right before posting nonsense like this - it's embarrassing, seriously, not just being a loser - losing may happen to anyone, but losing due to such common ignorance is plainly stupid.
Plus the entire refining sector is screaming today.
TSO and VLO both were awarded gov contracts.
While painful, the WNR sell off was not all that bad. WNR did not even test the 50 day EMA. In fact, if WNR stays where it is or higher, it will close back above the 10 and 20 day EMAs as well. The other positive is the 10 day never even tapped the 20 day, thus no crossover to worry about. This was a normal pullback thanks to RCB. If the volume continues and WNR starts moving up again, IMO the short squeeze may REALLY start. I do believe however, many of the short shares have been short from $30, $40 and some even higher, so a bump to $10 is not TOO big a deal to those folks yet. However if WNR can break over $15 or so, the big shorts will start getting nervous and the real squeeze will start.
Still lots of work to do...
IMO, it will all play out to the upside nicely over the next few years...