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

Thursday, January 12, 2012

The market went up in the overnight session and drops prior to the regular open.

Lucky for those in the overseas participants, they were able to catch the big move.

Shown is the 5-min chart for the YM Futures (the Dow) where it shows like it just buried his head in the cliff.