RE:RE:Classic Bear Trap being set everywhere Thanks for clearing that up Squishy. But while you were busy trying to jerk me those key support levels all just crushed simultaneously. CGC at 8.50, Aph is about to give up $6, emh which is the biggest joke with a quarter mil in revenue a year and it cost them 600k to grow it and they lose 3 mil that year...anyways they just touched 1.15 and are about to give up $1.15 any second now, ook around people, THE BUBBLE BURSTS!
SquishyInc wrote: I think you may have your traps confused?
A bear trap is a false signal that the rising trend of a stock or index has reversed when it has not. A bear trap prompts traders to place shorts on the stock or index, since they expect the underlying to decline in value. Instead of declining further, the investment stays flat, or slightly recovers. falconsright wrote: Just above key support levels. The bears want ppl to continue buying rn as they short but the bears will crush those support levels either later today or by Thursday sending things to the lowest levels since August. Friday will be a bloodbath.