Upto yesterday pundits were predicting doomsday ... All of a sudden mood is bullish .. Is it a Bull Trap
Read my analysis and reaction from experts
http://rakesh-jhunjhunwala.in/forum/threads/is-it-a-bull-trap.2012/
DEFINITION of 'Bull Trap'
A false signal indicating that a declining trend in a stock or index has reversed and is heading upwards when, in fact, the security will continue to decline.
Read more: Bull Trap Definition | Investopedia http://www.investopedia.com/terms/b/bulltrap.asp#ixzz41jCOOrt3
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Historically The chart pattern matches - MACD / RSI / SOCKO two places in the chart
Red : It is a Bull Trap and market went much low
Green : Market did not rush to a bull market , but corrected in time
Accompanied by Good Earnings of 2011 and 12 the bull run started
Read my analysis and reaction from experts
http://rakesh-jhunjhunwala.in/forum/threads/is-it-a-bull-trap.2012/
DEFINITION of 'Bull Trap'
A false signal indicating that a declining trend in a stock or index has reversed and is heading upwards when, in fact, the security will continue to decline.
Read more: Bull Trap Definition | Investopedia http://www.investopedia.com/terms/b/bulltrap.asp#ixzz41jCOOrt3
Follow us: Investopedia on Facebook
Historically The chart pattern matches - MACD / RSI / SOCKO two places in the chart
Red : It is a Bull Trap and market went much low
Green : Market did not rush to a bull market , but corrected in time
Accompanied by Good Earnings of 2011 and 12 the bull run started
Thats why I believe the earnings are not yet supportive of a Bull Run
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