'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, December 15, 2012

A Derailed Santa Rally

The rally that i had been watching in the market the past week is having a hard time getting its traction.

I guess the Santa rally everybody is expecting has been derailed due to the fiscal cliff problem.

Only two weeks left trading the market before 2013, and it seems the market will just consolidate.

Though there might be some spike(s), but profiteers will just annihilate whatever market spikes will erupt before the year ends.

It is still a traders market, better for the investors to take the holiday break now.