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

Wednesday, May 30, 2012

What The %&*$#@ Is This Chart

Shown is the 5-min. chart from yesterday's market and today's on going market action.

By just the look of it, it's hard to imagine where the market is headed for.

It's hard to figure it out what the market is doing right now.

This is the time not to do anything and just watch the market do its thing.