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.'**
Friday, December 17, 2010
Observing
Watching this QQQQ chart (NQ from e-mini) formation on a 5-min. frame and I can conclude it is forming a "W" pattern.
Meaning, it has a tendency to go higher.
It may consolidate for a while but there is probability it might rally.
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