'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 9, 2011

An ugly market movement today.

The market (YM) drops early in the morning from the Globex and into the regular open.

As of now, there is no indication it might turn around for the bears are aggressively in control.

Lots of selling from the participants, and there is no way for in home ordinary traders can do something.

The HFT or the quants are controlling the market right now.

Better to stay on the sidelines and just watch the market do its thing.