Posted
Jun 06 2008, 07:07 AM
by
Vinny Catalano, CFA
Yesterday’s middle of the
trading range stock market surge (replete with weak momentum, MACD, and slow
stochastics, as well as narrow sector leadership – Energy and Basic Materials)
has the look and smell of a bull trap.
So, how about a few words on
traps.
"With
the monstrous weapons man already has, humanity is in danger of being trapped
in this world by its moral adolescents”
Omar
Bradley
“Here we are, trapped in
the amber of the moment. There is no why.”
Kurt Vonnegut
“We all live in a house
on fire, no fire department to call; no way out, just the upstairs window to
look out of while the fire burns the house down with us trapped, locked in it.”
Tennessee
Williams
“A
mouse trap, placed on top on of your alarm clock will prevent you from rolling
over and going back to sleep.”
Anonymous
"I don't want the cheese, I just want to get out of the trap."
Spanish proverb
Have a good weekend.