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Strategies & Market Trends : IDIOTVILLE.COM -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (19)	5/30/2002 6:50:34 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 181

Ok, Thanks....as the assumed head village idiot for the moment I will show my current interpretation of the market from Wed. I have been looking for a bull trap to develop in this current environment until Friday and going into June 3X witch expiration....here was my crude vision... ttrader.com my definition.... 1660.....perfect area for the next big bull trap?<g> _ _ (o\---/o) ( . . ) Watch The Bids! _( (T) )_ / / \ / / \ \_) (_/ \ _ / _) \| (_ (___,'.___) 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.