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

Saturday, July 21, 2012

Friday's Market Conclusion

The market turns negative last Friday's session due to bad news from overseas and profit taking.

The viable  trade is to sell short in the open and buy cover in the close.

From this 10-min. chart, the MA's giving clear confirmations how clear the trade is.

The crossover MA's are the signal when to enter and exit.