'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, March 1, 2012

The market did not make any big move today, almost similar from yesterday's range.

It surge early in the open and made some slight predictable patterns from thereon.

A saucer pan/cup with a handle at around 11:00 am. ET.

And a little head and shoulder between 1:00 pm. to 2:00 pm ET.

If you are basing on a multiple time frame, you can easily figure it out the formation.