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

Monday, January 30, 2012

The market made a u-turn (cup with a handle/inverted head and shoulder pattern?) today when it opened at the bottom.

A very good feedback coming from the participants.

Some profiteers made a killing early in the open but were not quite successful to finish them off (the longs).

The end result was that the close price almost able to beat the open price, not bad and there is still a positive conviction for this market.