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
Putting sell limit at 11060...
Will test the market on a long side at 11000 with sell stop at 10960...
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...
