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

Saturday, February 11, 2012

The market drops hard due to concern regarding the Greek debt problem.

The chart shows you can make a quick short entry in the open and exit at around 10:00 am. ET. for a nice profit.

Other than that, I don't see any other potential setup unless you scalp the market in a shorter time frame (1 minute).

Though if you are patient enough and you glued your (red?) eyes the whole trading day, you can possibly make a trade at the last hour for a long trade.

I can see the market might bounce early Monday possibly in the Globex market.