Was this a BULL trap? 12000 still a distance dream or a christmas present?

Strong support shown for both FAS and the DOW JONES. Could the drama be over soon and the rally to continue?

The market closed just above the 11000 mark. I think many short positions were created at the close of the market. The only way to trigger a mad horse rally is to get an ADP reading above 100k! That will trigger a crazy short covering and the DOW could rise 1 to 2%.

I don’t know whether longs have been caught in a bull trap. But the economic indicators are screaming GOOD.

I think the improvement in the job market will help stocks significantly in the long run.

Currently, my favorite sector (financials) is getting hammered again.

Bank Of America fell 3% due to a possible WIKILEAKS report about the nasty things going on within the bank.

WIKILEAKS claims that this will be somewhat like the ENRON emails…

I don’t know how banks have gotten away from the FED’s tough scrutiny. Should we thank Assange’s wikileak or should we bash him?

If causing instability is his favorite weapon, then he should be terminated.