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Strategies & Market Trends : Tech Stock Options

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To: Autumn Henry who wrote (28404)	11/14/1997 1:26:00 AM
From: Matthew B.	Read Replies (1) of 58727

<I have asked what a bear and bull trap is to someone and they never told me.... Tell me about these traps> I am not sure if you know the answer already and just trying to test someone. But in case you don't: I have heard the term used in charting TA. One can only talk about bear/bull traps after the fact as it refers to a failure in the pattern to follow through as expected. A given chart pattern may usually suggest a movement in one direction. A trap refers to the fact that it went the other way. A bull trap is one where the pattern is bullish but the price goes down instead hence hurting the bull. Matthew

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