URTY - The Great Bear Trap (Bull Trap)

I have used this title twice in the past and is time to dust it off once again. It is actually a Bull Trap, but I sort of refer to it as a trap set by the Bear. The first time was early 2002 when the S&P rallied to about 1,200 in that bear market, the lows ended up around 800, giving up -30%. The second time was in 2008 when the market rallied back to around 1,400, and it bottomed around 700 in 2009 for a further -50% drop. If you see a trend

Read more ...