Observe & Trade*
Observing the stock market technicals and exploring opportunities to trade
'
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, June 27, 2012
Wednesday's Market Conclusion
The market made a tight consolidation within the R2 level only to lose its grip and went downside.
Lack of follow through from the bulls.
Market sentiments is still in quandary.
Shown is the 5-min. chart that attest the participants lack of conviction.
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