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

Monday, July 2, 2012

Zigzag Monday's Market

The market moves on a choppy sideways today prior to holiday come Wednesday.

Seems most participants are already on a Holiday break except the programmers.

One can notice the erratic sideways moves the whole trading day.

I can surmise that the market is just consolidating prior to the next big move.

Today's market consolidates mostly within the previous close and above the pivot line.