'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 9, 2011

The market is gaining ground from this overnight session.

It consolidates within the resistance range of the 200MA.

The market is waiting some kind of convincing sentiments to advance for a breakout.

Today is Friday, a profit taking day for the traders.

But I don't see any more profit for the taking because most of it was already taken the past two days or so.

I think from my perspective, a positional technique might be the play today.