Replies to post #19034 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

Covering NSM, EBAY, Another BULL TRAP, TRADING SET UP to trap bulls at the declining 100 ma. nq's testing 1420, interpreting SHORT covering as a rally. The hamina hamina trader will come out his/her lair here too late as usual, will see his/her shadow and promptly retreat into hibernation once again missing the "meat" of today's session. Traders look for BULL TRAPS here at the 50 ma especially for QCOM. CSCO which we picked up the calls at the lowest possible price might be okay (as long as we don't buy the highs).