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To: Autumn Henry who wrote (28404)	11/14/1997 12:39:00 AM
From: AlienTech	Read Replies (1) \| Respond to of 58727

>>Now, AlienTech, if it was so obvious about a bear trap then how come some of you guys didn't capitalize on it.....:)<< Some of us did.. Not me though.. You need money to capitalize on opertunities and the last opertunity I saw turned into a bull trap.. Which was the QNTM dropping in sympathy with WDC.. come to #rttrader or #daytraders in IRC and you can see them go at it in real time so none of this bull about coulda wouda shouda.. Come see the pros err us loose our shirts.. The women loose the bra's too..

To: Autumn Henry who wrote (28404)	11/14/1997 1:26:00 AM
From: Matthew B.	Read Replies (1) \| Respond to 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

To: Autumn Henry who wrote (28404)	11/14/1997 8:52:00 AM
From: broken_cookie	Read Replies (1) \| Respond to of 58727

Hi Autumn, >>> I have asked what a bear and bull trap is to someone and they never told me....<<< That's what first really pissed me off when I started to read about TA. This book (forget which one) is discussing the "classic" head and shoulder top (Kilroy was here). It had two historical charts and pointed to the piercing of the neckline as confirmation of the pattern so short like crazy unless, however, it is the classical bear trap where it will pierce the neckline dip down a bit and then shoot up. Voila, the bear trap. How do you know which? Basically afterwards. I think these trap terms refer to a pattern that did not follow through. Looking at intraday volume on the up/down legs is another indicator and I've heard bear/bull traps described as when the volume doesn't support the price pattern. Support/resistance, trend lines, SMA's & EMA's, BB's --cool! I like those. The rally yesterday suprised me. I heard some talking head refering to it as a "obvious" short covering rally. Back when pondering physics and math texts, the scariest words were: It is intuitively obvious to the most casual of readers ..... Take care. Ice storm in NE. Favorite season is definately over :( Rich