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maggot

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maggot

Re: zigi post# 60

Monday, 07/29/2002 7:28:43 PM

Monday, July 29, 2002 7:28:43 PM

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hi zigi

This bear trap we've got just now occurs when a bear market reverses its trend while bearish investors who thought the decline would continue sell short. The bears are eventually forced to buy at a higher price to cover their short position when the decline doesn't occur.

So thats why we had this rally.

cranium >>> I'm not working on any precise targets for a reversal. I would not doubt Ian's figures. Best if we all use Ian's I think.

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