Was this a bear trap or am I paranoid

Discussion in 'Trading' started by womblevader, Sep 7, 2008.

  1. Lets see...

    Market dumped [sold off rapidly]3x times on Thursday. Looked like rinse and repeat on the downtick.

    4x if you include the premarket ES.

    Continued to sell off on Friday, then got bought up.

    Surprise, surprise ex GS Paulson announces conservatorship over weekend. Market now back to where it was on Wednesday.

    If this wasn't a trap it should be.

  2. There were a million ways you should have seen it coming.
  3. Fundamentals aside, there was only so far down the market could go before the sellers ran out of steam.
  4. Both. :cool:

  5. those PIMCO snobs are the WORST hypsters of the bunch