Observing the stock market technicals and exploring opportunities to trade
'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, September 30, 2011
Buy stop got triggered...lost 25 points...not really a good day to trade...
I can see YM is forming a head and shoulder pattern...a sign that the market is going down...
Sell short at 10975 with buy stop at 11000...
The bulls made a tremendous comeback to counter the charging bears...it's a see saw battle between the antagonists...looks like the bulls are on the winning side at this moment...still on the sidelines watching the duel...
It's the HFT are taking over the market...
Bulls are charging...will stay on the sidelines...
Exited the trade 10950...lost 20 points...not a good location to put a trade...
