Use access key #2 to skip to page content.

IBDvalueinvestin (99.67)

Now that the Trap has been set.. Watch while you miss the rest of the bull market on the

Recs

9

April 18, 2010 – Comments (5)

sidelines with the rest of the retail people that missed it in 2009.

The Goldman Sachs selloff on Friday, may have just been the biggest trap of 2010. Got all the weak hands out of the market last Friday and suckered in new bears to get slaughtered like sheep for following the crowd.

 

Bloomberg video does not believe Goldman Selloff last Friday will have a lasting effect on the market in General. The Bull market is still alive and well.

Herrmann Doubts Goldman Suit Will Spark Stock Sell Off

 

5 Comments – Post Your Own

#1) On April 18, 2010 at 10:39 PM, MoneyWorksforMe (< 20) wrote:

Many people are proclaiming this to be the beginning of a correction. Well, the last time I remember hearing most people saying a correction was imminent, the market did just the opposite....

Earnings will ultimately dictate as they always have. So far we're off to a strong start. If most company's meet or exceed with solid forecasts, this will mean very little to the market in general going forward.

Report this comment
#2) On April 19, 2010 at 1:02 AM, alexpaz (29.00) wrote:

Hah! This is the exact mentality you get when the market goes vertical for 13 months! 

-1 rec 

Report this comment
#3) On April 19, 2010 at 3:58 AM, elw241 (28.77) wrote:

This is a bear market rally, not a secular bull market. This retracement down has a little further to go then we will see new highs but a strong reversal will come. The selloff had nothing to do with Goldman, the market had been extremely overbought and was giving sell signals.

Report this comment
#4) On April 19, 2010 at 8:39 AM, IBDvalueinvestin (99.67) wrote:

Futures improving sharply, and even GS is barely down at -1.05

If GS goes green, then this market will rally off Friday's bloodbath.

Report this comment
#5) On April 19, 2010 at 10:48 AM, IBDvalueinvestin (99.67) wrote:

Wall Street does it again, lays down the weak hands trap once again on Options Expirations day and it works again.

 

Its like clockwork, they do it all the time and weak hands fall for it everytime.

Report this comment

Featured Broker Partners


Advertisement