Posted 10/11/2007 05:51 (#217679 - in reply to #217323) Subject: Re: Bear traps and Bull traps
Correct. The 'old greed, hope & fear scenario. Get in the market based on greed...emotions make a person anxious..can't wait...market reverses and the hope emotion sets in...hope for the best...soon have forgotten greed and now only hope to break even...then the news gets ugly...the fear emotion sets in...bail out when out of money & that is usually close to the REAL time to buy or sell.
Bear traps and Bull traps
