Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: pooh who wrote (47109)	6/29/1999 2:04:00 PM
From: lee kramer	Read Replies (1) of 120523

POOH: A bear-trap is a term coined by technical-analysts that describes a stock that breaks down, usually through seemingly solid-support, continuing the downtrend...then reverses, snaps back where it shouldn't if the down move is to be valid...thus "trapping the "bears" or those who are short. The flip-side is the bull trap...a "failed" break-out. You can see bear and bull traps in the market as well...take a peek at a chart of RNWK...two weeks ago the stock broke to the low-mid 50's, failed to continue down, snapped back to 72-74...that was a bear-trap. (Lee)

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