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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (8822)	12/10/2000 10:12:28 AM
From: SBHX	Respond to of 30051

mishedlo, actually it's the opposite. Here's what I use. stockcharts.com Bear Trap A bear trap occurs when prices break below a significant level and generate a sell signal, but then reverse course and negate the sell signal, thus trapping the bears that acted on the signal with losses. A bear trap is another form of whipsaw and relates to the spring. stockcharts.com Bull Trap A bull trap occurs when prices break above a significant level and generate a buy signal, but suddenly reverse course and negate the buy signal, thus trapping the bulls that acted on the signal with losses. A bull trap is another form of whipsaw and relates to the upthrust.