Saturday, August 14, 2010

Hook Ya And Cook Ya

"Some of the strongest days in a bear-market bounce occur near the end of the move. It's the 'hook' that keeps investors 'hoping' that a new bull phase is underway. Now, any of these triple-digit days could be a reason for optimism about the market. Together, they could be a reason for investors to jump in or stay in. On the other hand, several rally sessions near the end of a bear market rally can potentially 'hook ya' and then 'cook ya.'"
Source: Elliott Wave International

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