'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 17, 2010

Observe & Trade


A vertical leap from Russell 2000 (TF).

With the last two lower high coupled with the ascending 20MA, it leaps vertically from thereon.

It can also conclude prior to the opening from the previous last hour, it kinda' form a box.

And also the S/R level make sense to consider.