'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, June 28, 2012

Thursday's Market Trade

The market drops down today due to unfavorable reports from the governments healthcare law and from overseas woes.

Shown is the 5-min chart where the most probable short entry is at S3 (support) level with the cover at the lower arrow.

I think that's the most the market can go lower today because of the big gap when it went down in the open.

But who knows?