'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, September 30, 2011

The market is descending as can be seen from this 5-min. chart.

It might be a sideways move all the way to the close and/or a possible short trade.

Either way is the trend for the day.

Long trade might not be workable.

Let's see how it goes.