'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Friday, December 31, 2010

Observe & Trade




A "V' pattern formed on the two leading indexes today, the last trading day for the year 2010.

Shown on the 5-min. chart the concluding chart of SPY (ES) and the DIA (YM).

A profit taking in the open!
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