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

Tuesday, December 6, 2011

Good morning fellow traders, the market is slightly trending up.

It might consolidate for quite a while because of the resistance at 200 MA.

Might be a good time to find the right location for a long entry.

Unless some big news that might influence the market, I don't see any big reaction from the participants.

Let's see how it goes and we'll just keep watching.