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Strategies & Market Trends : Charts for Quick CASH $$$

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To: Galirayo who wrote (5391)12/14/1997 11:31:00 PM
From: HeyRainier   of 9262
 
[ Bull Traps/Bear Traps/Bases ] Ray,

I was just running through my charts tonight and came to the thought the perhaps it might be interesting to look for Bull and Bear Traps out there in the market for the short term trade.

The thought had been subconsciously rolling around my head for the past few days, that is until I saw Officemax (OMX) and then the ideas took form. That a nice Bull Trap there in late September/early October.

Correspondingly, a Bear Trap would be interesting as well. And finally, base breakouts or trend breakouts would be of most interest, as evidenced by the example you provided earlier, CHAR.

Any thoughts?

Regards,

Rainier
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