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

Wednesday, November 30, 2011

The market (YM) made a very nice excellent move today starting early in the Globex up to the last regular trading day.

Bulls are roaring in pandemonium while the bears are covering in darkness sniffing their own sweat.

Lots of shorters got trapped and they were force to cover their positions.

The market was controlled by the bulls the whole trading day.

No chance for the bears to take over.

Most went home sleep walking, unable to explain/figure out what happened with the market and why it skyrocketed.

Take a look at the chart and see for yourself why the bears are running away.