'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 8, 2012

The market finish high today and it formed a saucer pan? pattern.

Looks like it might fail two hours before the close but went up vertically afterwards.

Nice setup if you were able to enter at 12880 level and close it at 12930.

The market is back on track again after dropping 200 points plus last last Tuesday.