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Is this a genuine trap

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DR_1
Super Contributor
the movement on the DOW looks scary, looks like a definite trap. Market rallied on the basis of an appointment that obama made. SOL up 15,9%, HMY up 28,2% and GFI up 36% in NASDAQ. Surely this one person cannot change the fundamental problem in one day. Looks like a nice set up to either buy puts or go short
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2 REPLIES 2
grandmaster
Frequent Contributor
The market is illogical-it was way oversold-all it needed was a catalyst which it got.I reckon this will be the start of a rally where momentum will be the main driver.
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Not applicable
DR I agree, 2 much bad news out there still. My feeling is this rally is temporary, like all the others b4. Data next week from US will scare everyone again. Nothing positive out there yet.
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