'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, November 24, 2011

A sheep? form-a-like for the Dow chart?

I had been noticing this form-a-like from the Dow the past few days.

Though the market is struggling to get its traction for a breakout, its been on the downtrend/sell off the past two weeks now.

Just for my own thoughts for noticing the form-a-like sheep because of the approaching holidays.

Maybe the market will surge before the Christmas?, who knows.

But the way I psych the market, seems it will.

The market is also an exercise in psychology and human emotions, I bet the market might get its bearing before the year ends.

See the charts and form your own visualization.