'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, November 30, 2011

The market (YM) made a very nice excellent move today starting early in the Globex up to the last regular trading day.

Bulls are roaring in pandemonium while the bears are covering in darkness sniffing their own sweat.

Lots of shorters got trapped and they were force to cover their positions.

The market was controlled by the bulls the whole trading day.

No chance for the bears to take over.

Most went home sleep walking, unable to explain/figure out what happened with the market and why it skyrocketed.

Take a look at the chart and see for yourself why the bears are running away.

Sold at 11995 for a gain of 38 points...
Looks like the trade is gaining ground...will look for a target above 12000...
Bought YM at 11957 with stop at 11949...
Exited the trade at 11980 for a gain of just 19 points...was at the wrong timing and location to put on a trade...
Looking to target sell at 12025...
A very unusual triple pump move by the market today!