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

Friday, December 16, 2011

Christmas rally for the market looks dim.

Only a few trading days left before Christmas and there is/are no signs the market is bouncing from its grave.

Santa has run out of money to buy the market, instead he sold the market and the bears are on clouds.

Unless Tim Geithner prints money for Santa to buy the market, the market is in jeopardy.

Today's market turn positive in the open but run out of gas after an hour or so and buried itself into the mud.

It turn sideways till the close.

An ugly trading week for the market!