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

Sunday, January 2, 2011

Observe & Trade




A short trade in the open for the QQQQ (NQ) and the Russell 2000 (TF), the last trading day for the year 2010.

TF made a sharp drop at the close, that's a very sharp one!

While the QQQQ (NQ) just stay almost flat after it drops in the early trading for a profit taking.