'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, October 13, 2011

The market made a boring move most of the trading day today except late in the afternoon where it climbed up to beat its opening price.

It's a battle between the two protagonist wherein the bears lost its control late in the trading day.

The only probable trade to spot is after the lunch break where the tight consolidation took its place.

It might be a see saw battle again tomorrow Friday, a profit taking day. Expect some volatility.

The best play tomorrow is to stay on the sideline or take a break from trading.