Observe & Trade*
Observing the stock market technicals and exploring opportunities to trade
'
Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Tuesday, November 16, 2010
Observe & Trade
The market is on the downside and this 5-min. chart from Nasdaq QQQQ can be applied to trade the e-mini futures NQ which has the same formation.
A short trade is shown as a basis for our Observe & Trade initiation.
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