'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, April 10, 2013

The Market Rallied

The market went up smoothly today. As soon as the bell rungs, the market rallied and never look back. The bears can't do anything except to ride with the bulls behind their back and abandoned their positions. Nice to trade today, just buy in the open and sell in the close. You can make a profit equivalent for a week paycheck? Tomorrows market might get stalled a bit, probably because the market seems to get tired because of today's market action. That's normal, for the market is participated by humans. Human emotions drives the market movement. The daily chart below shows that we are in the bull market. Let's see where do we go from here. But come the month of May, where the usual adage of 'sell in May and go away' might be in the offing?