RE:Bull Trap.You longs might want to jump all over me in delight but what makes a market are both sellers and buyers bulls and bears. So my opinion is just that and you can make up your own mind. I have been burned many times in euphoria and irrational exuberance so my prognosis is just based on my experience and of course I may be wrong. I still see a short term downtrend and today was a short squeeze with a dead cat bounce or a tremendous powerful bull rally WITHIN a bear trend. This is classic Bull trap. I see a higher gap open $ 8.70 with a quick rise to $ 9.10 to trap more buyers and then just like Feb 14 and April 11 BOOM the shorts will bang it down triggering stop losses and go for another leg down with a close of $ 8.10 and next week continuation to mid sevens and a fight for $ 7.65 for either a retest and upwards double bottom OR breakdown to $ 6.00 or so for the floor over the summer. For longs they will hold come hell or high water and for some take the profit or cut losses. I did not buy today and I am an observer and like I said come July we will see what the situation is. My agenda is clear I observe and comment and I wish to buy in July at $6.00 or less. Meanwhile you guys can gamble and ride it up and down and I will provide some colour commentary like Don Cherry without the pastel suit and paisley ties.