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

Friday, February 10, 2012

The market drops like a bomb today due to usual Greek debt problem.

The Greek problem is always the real culprit when the market drops hard.

That has been the cause since last year.

For today's trade, a good location to place an entry is in the reversal.

I can see an inverse head and shoulder pattern here, but the target should be carefully keep an eye because the volatility is at high range.

Quick reversal happens in just a blink of an eye.