'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 13, 2011

The market is recovering from its slump (Monday's trading) as shown from the overnight session below.

A positive open is most likely ahead of the Fed meeting.

Expect a volatile market today's trading whereas the participants will tangle what direction the market might headed as per Fed outcome.

But whatever the Fed might come out, the participants are already used to it.

The market is a news driven sentiment anyway.

The market is in consolidation range, but I can sense it might rally before the year ends.

Santa Claus will buy the market this Christmas!

Anyway, let's see how the market will react from helicopter Ben's (Bernanke) action.