OptionsTech: Who knows who was trapped today, was it a bull trap or a bear trap?

Wednesday, October 21, 2009

Who knows who was trapped today, was it a bull trap or a bear trap?

We will definitely know tomorrow the answer of this question, as the movement in index after 2:00-2:30 many a time decides the fate of the opening of the next trading day & one T.V channel also has a specific program that airs after 2:30 and is called 2:30 factor. But today what we saw was not normal, NIfty future after building a strong base around 5090-5110 started its upmove with huge volume and erased all the losses. After 2:45 there was a strong retracement of the entire upmove with equally huge volumes and made a new low. This indicates a trap for either a bull or a bear