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

Thursday, September 29, 2011

The market (YM) is recovering as can be seen from this 5-min. chart.

Looks like the leaders in Europe are finding solutions with the financial problem out there especially the Greeks and or in Germany.

Let's see if it stabilizes, but I guess it's going to be a volatile open today.

Been reading a lot of trading news from reliable sources and most are getting chopped due to the unpredictable movements in the market.

The market is always driven by the news.

The market is now controlled by the HFT traders, and its going to be a while that the investors will takeover.

Most are on the sidelines watching the market do its (dancing) thing.