'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, February 21, 2012

After the market made a u-turn when it opened high, it just stay idle/sideways within the 13000 level which is the highest points since 2008 as reported.

It formed a head and shoulder pattern, a sign that a bearish trend is in the offing at around 1:30 pm. ET.

Trading the market for long when it made a u-turn and shorting the market at 1:30 pm. ET are the two viable trades that can be initiated.

But trading them needs a lot of patience.