Bear Trap

[platsak]

If it is one I must say its tempting me very badly. Greed can be an ugly thing. Looks like we will see the turn within the next few days or weeks. What will be the best confirmation of such a turn.

[SKALA]

Also feeling very tempted, but will wait see what happens tmorrow.

[platsak]

Im also waiting especially for citygroup and merril lynch earning reports ths week.

[SimonPB]

patience, remember the early bird catches the worm ... make sure you're not the worm ...

[john_1]

The early worm gets caught.

[HungryPunter]

I went short AGL today - I think that makes me an idiot worm. I will change that to long in the morning. Should take us up to about 30000 after that the sky and the birds are our limits. OMO

[#7]

second mouse gets the cheese. I am waiting to see what those american party crashers are going to do tomorrow when they start trading again.

[doomsdayza]

Dow is up 7% http://www.cnbc.com/ :)

[venice]

If this rally has legs there is plenty time to get in. If its a bear trap then getting in too soon will burn you. How this market deals with the next bit of bad news will determine if we are really bullish or not. Anybody going large into this so soon deserves every cent they get because the risk is significant.

[#10]

Dow broke 9000. Closing above an we have a nice gravy train ride

[#11]

volumes looking very low on the dow as well as local stocks , this starting to look like a bear trap, u s pumping in currency like zim , bottom line true value will prevail i think this is a good short opportunity

[#12]

Dow is pushing real hard and continuing to new highs for the day, gone way above 9000 resistance, this will now be used as support.

[SimonPB]

venice is right. next piece of bad news will tell us if this is the real deal. Things change slowly while markets move quickly, but a week ago capatilism was busted, is it really now fixed a week later?

[G_V_V]

It's time for the bears to take their yearly nap, good night teddy. zzzzzzzzzzzzz.