'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 remains on a bearish range as can be seen from the daily chart.

It will take a long while with a positive conviction from all participants to turn around the market.

Unless a miracle could take place, the market will stay idle from 10500 to 11500 (YM) range.

Today's trading range was a short trade.

The bears made a lot of opportunities in the market.