Tuesday, December 9, 2008

Bull Trap...Again

When will they ever learn? If everyone is calling a bottom at the same place, what do you think will happen when the market doesn't provide that outcome? Meaningful bottoms occur when both the bears and the bulls are on the same page and the page is torn out. Katie bar the door. Remember the mini crash in February 2007? The electronic trading platforms could not keep up. We have not even seen sell orders of that magnitude yet. This market has been orderly, I expect things to get chaotic shortly. More later on.

1 comment:

Lukegolf said...

Hi Eric...love your blog.

Just a question about your bull trap.

Why is it a bull trap? What is there that I am not seeing?