Comments on: TECHNICAL PERSPECTIVE: IS THIS A BULL TRAP? http://pragcap.com/technical-perspective-is-this-a-bull-trap Sun, 12 Feb 2012 11:38:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: LZ http://pragcap.com/technical-perspective-is-this-a-bull-trap/comment-page-1#comment-11979 LZ Sat, 20 Feb 2010 17:34:09 +0000 http://pragcap.com/?p=17230#comment-11979 my reading is it is very likely a bull trap. Except price action nothing is impressive. if it is not bull trap because light volume and overbought condition you won't miss too much. If it is next leg down will be brutal. my reading is it is very likely a bull trap. Except price action nothing is impressive. if it is not bull trap because light volume and overbought condition you won’t miss too much. If it is next leg down will be brutal.

]]> By: AWF http://pragcap.com/technical-perspective-is-this-a-bull-trap/comment-page-1#comment-11976 AWF Sat, 20 Feb 2010 16:32:57 +0000 http://pragcap.com/?p=17230#comment-11976 Ken's perspective-- All seems to set up for consolidation, in need of a catalyst. I agree and would add Intermediate Term Momentum has flattened. On the other Hand: Dr. Copper is holding a Solid Trend Line from early 2009 As long as the "DR" is in the house--this Bull remains alive--precariously! Ken’s perspective–

All seems to set up for consolidation, in need of a catalyst.

I agree and would add Intermediate Term Momentum has flattened.

On the other Hand:

Dr. Copper is holding a Solid Trend Line from early 2009

As long as the “DR” is in the house–this Bull remains alive–precariously!

]]> By: Ken http://pragcap.com/technical-perspective-is-this-a-bull-trap/comment-page-1#comment-11973 Ken Sat, 20 Feb 2010 12:22:49 +0000 http://pragcap.com/?p=17230#comment-11973 Also....price could be at a resistance point.. as the ever important close on Friday was right at the 61.8 Fib retracement level (D)(1109) for the 1150 to 1044 decline. In addition, price is at the mid November to mid December horizontal resistance level. Price on the weekly is still below the 200 ema, and we have price convergence with the 50, 100 and 200 ema's on the monthly. All seems to set up for consolidation, in need of a catalyst. Also….price could be at a resistance point.. as the ever important close on Friday was right at the 61.8 Fib retracement level (D)(1109) for the 1150 to 1044 decline.

In addition, price is at the mid November to mid December horizontal resistance level. Price on the weekly is still below the 200 ema, and we have price convergence with the 50, 100 and 200 ema’s on the monthly. All seems to set up for consolidation, in need of a catalyst.

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