Stock Market Analysis

Tuesday, February 24, 2009

Bull Trap?

The Dow pulled up over 230 points today, almost erasing all of yesterday's losses. So, what does this pull up mean? In an established primary and intermediate bear trend, such one day surges only mean more downside to come as we have witnessed so many times before late last year. Yes, what people call Bull Traps. One day moves that lure the bulls into buying just to be killed by the bears the next day. Now, even if the Dow does rise a few more days from here on, it still doesn't mean it is not a bull trap. So, bulls expecting this pullup to last a few days more should play it short term.

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