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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Jill who wrote (7209)4/1/2005 8:02:49 AM
From: Walkingshadow   of 8752
 
Here's another one that is dead money. Also a nice example of a bull trap with a rather spectacular subsequent disintegration---and this one has a lot further to fall:

stockcharts.com[w,a]daclyyay[dd][pb20!b200][vc60]&pref=G

The rather sustained rally after the first failure is unusual, but as you can see it only created enormous downward pressure that eventually had to be resolved.

You could take a long-term short position on this with a lot of confidence IMHO.

T
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