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... highs--especially when significant divergences start to develop as they have.
Today's gap down was an old fashioned bull trap. Those sitting long in the 1,100-1,113 range on the S&P ... a landmine and lose a limb. It's far better than getting taken to the cemetery.
Below are the micro and macro charts of the S&P. You can see a nice visual depiction of the bull-trap that transpired.
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... was normally impervious to fear. She had once stood her ground when she found herself in the path of a charging bull. She must have done a very good impression of an immovable object because the bull ... she wouldn't notice if he gave her another blackbird instead. He put some more food into the trap and he set it up again. He called up all of his friends and he told them he'd pay twenty ...
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... one: is this the final, blow-out phase of the gold bull market that began 10 years ago? Or is it a trap...intended to catch the Johnny-come-latelies in the gold market? Of course, we don' ... Investors
Gold and the Euro Just Hooked Up Together Again
Gold Share Investors May Stumble Upon the Bull Market
Where Do the Feds Get Any Money?
All Roads Lead to Zimbabwe
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... ;s “Most Successful Extortionist,” by threatening her. He also got racist, sexist, and homophobic on that ass, calling her a “cracker bitch,” a “transvestite,” a “man-bitch,” and an “ugly bush pig slut monkey whore.” Apparently Charles Darwin missed a species.
• CLICK HERE FOR MORE COMPLEX “POLITICS & CRIME” POSTS
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I'm planning to publish review of this baby very soon. And yes, I did mention that is it makes fabulous booby trap:Here is the video to teach you how to set up a booby trap. Using baby powder and water will add more functions!Warning:Don’t use harmful power/ liquid or it may damage your eyes.For example, using pepper powder can easily make a ...
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... and the dollar shorts started covering. However, the rising dollar was too much for the market to bear, and we had our third bull trap in successive days. Gold too a big hit as the dollar ... resistance at the 50% retracenment, but breaking through this week.This could be a potential bull trap, but the technicals here are still reasonably strong and this could move up even if the rest of the market ...
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... ; but buyers did not step up and continue the breakout.
As such, the chart is showing a “Failed Breakout” or more commonly called a “Bull Trap.”
Bull traps can be precursors of a shock downside move, as any bull (buyer) who bought at the new highs is now trapped, and may decide to take a stop-loss (sell), creating downward ...
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... 120 minute shows the megaphone formation… i’m not sure if the move up from the 2.5% drop is a bull trap or a bear trap, but I do believe we are going to be aiming for the support very soon:
11:31am
We have seen significant pushes up from the start of the day, many people i know already got stopped out with profits and are willing to go ...
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... in a week or so those charts will look like the 3 charts above.
As Jim Cramer says there is always a bull market in every asset on Earth other than the US dollar somewhere.
Egregious melt up anyone? +7% on the S&P already in 1/2 of a month.... that annualizes to 170% return. When does the bull trap ever rear its head again?
Long Potash in fund and personal ...
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... to correct failed and the market kept breaking to new highs. I'll be a perma-bull as soon as housing shows a clear bottom.
The question I have here now that ... the market or atleast gave good enough reason to sell. Such a gap at these levels does not look good for the time being.
I've been watching this bull-trap play out in financials since it happened. The possibility of it playing out ...
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... .
10:30am/1:30pm/3:30pm:--Pullback to the MAV support.(triple hammering)4:00pm:--Bull trap hammer.A promising short-covering .An inverted hammer on Thursday has pierced through the month's MAV resistance and ... held in a bear territory and should be above the MAV to confirm a safe bull.Trading volume has been rather light this session,I think not only the Dow,other markets elsewhere ...
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... other than be aware of the situation.
Next week, trading will be thin around the Thanksgiving holiday, but there is often a positive bias to the action. If that doesn't develop, it could be a very ugly bull trap, but there is nothing very worrisome about the technical condition of the major indices at this time.
The main thing I' ...
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... trading range. The indices broke higher out of 10:00 for the first strong move of the day, but the setup was not a very easy one to see ahead of time and could have easily served as a bull trap. The market only had one pivot high on a 5 minute time frame before it pushed through that high around 10:00 am ET. It did, however, have the favor ...
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... as Grantham had been one of the most vocal and successful bears.
Bear Trap Is Set - But Will It Close?
I went back and compared the start of the 1980 super-bull market that started in August ... broken support only to sharply recover and go higher. This is what is known as a ‘bear trap’ as traders who had bet on declining prices suddenly found themselves ...
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... ; That Brandon Jennings became an NBA star, by way of Europe not college.
• That the Magic shot both the Celtics and the Cavs out of the playoffs.
• ... .)
CFB (Long) Weekend Story Lines
• T'giving trap game for Texas at A&M?
& ... ; Roy Halladay to the Angels? That's one way to keep up with the Yankees. ...
• This delay in Mark McGwire's first press conference as ...
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