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

Friday, October 19, 2012

Friday's Trade Setup

The market tumbled for the second day since yesterday, Thursday.

A follow through from yesterday's GOOG sell off.

A good trade today is to sell in the open and cover in the close as shown from this 5-min. chart.

Not much volatility, all sell off throughout the trading day.