Definition of 'Bear Trap'

A false signal that the rising trend of a stock or index has reversed when it has not.

Investopedia explains 'Bear Trap'

This can occur during a bear market reversal when short sellers believe the markets will sink back to its declining ways. If the market continues to rise, the short sellers get trapped and are forced to cover their positions at higher prices.

Read more: http://www.investopedia.com/terms/b/beartrap.asp#ixzz1lAmHFG9C

Here's a nice explanation that I found useful that uses AGU as a classic example.

http://tradingsim.com/blog/bear-trap-stocks/

So who were the short sellers that got caught out? Hopefully the same rogues that pulled us all the way down with their SP manipulation over the last few months.

A nice day of green, I smell news in the wind soon...

GLTA

Max