'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, March 2, 2012

The market did not make any positive move today except that it stays/plays below its previous close.

It formed a small cup with a handle early but it failed.

Then it formed a big cup with a handle around noon time to finish where it opened in the close.

If you're just patient enough to wait for the pattern to emerge, you can make a good trade in the latter.