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

Tuesday, March 6, 2012

The market went down in the open yesterday and made a slow reversal to finish barely below its open price.

A sign that a bearish reversal is now on the move?

I guess that's what the sentiments of most participants.

The chart below was a relatively familiar formation.

After the market drops from the open it climbed up slowly in the ladder type fashion.

Buying at the consolidation at the bottom and selling at the close was the best trade I can see.

Using multiple time frames plus kind of reading the market minds will help you make that kind of trade during this market turbulent moves.

Otherwise, you will get clobbered if you just trade for the sake of trading.