'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Thursday, December 1, 2011

The market is now pulling back...might be the right time/location (after the pullback) to put a long swing trade?...
The Dow is just totally flat as shown from this 5-min. view.

Might stay that way for the rest of the trading day, unless another driven surprising news that might pop up.

The market is experiencing high volatility movement at this hour.

HFT are stepping up!

Not a good sign for small discretionary traders to get involved.

Stay out in the market for a while.

Let the big timers play their thing.

I can see some pullback in the market today!
The market is on the sideways for most the whole overnight session in the Globex market.

Little change happened, it might just consolidate in the regular open.

Let's see how it goes then.

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...