'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, December 7, 2010

Observe & Trade






A double top formation was observed today from the three core index markets.

Notice their similarity from the 5-min. chart, an "M" form like pattern.

They are identical to the e-mini futures of YM, ES and the NQ.

If you are just paying attention with their movement today, you can create your own conclusion with the above charts.
You know in trading, they call it an "art", so these are one of those.