The market turns ugly at the later part of the trading day.

It gap up early in the open pit from the Globex session and was able to maintain its momentum through the middle part of the regular trading.

Only to do a somersault act two hours before the close.

Lots of break out traders caught off guard by the sudden turn of events.

Good for the shorters, they made a good job shorting the market.

Lots of bulls got nervous from that sudden drop.

But I think that was just a reaction/pullback from the on-going trend.

It might consolidate some more prior to the big move in time for the holidays.

The market drops suddenly for a loss of 27 points...

Whenever a pattern like this develops, most likely it will stay that way till the close or it may drop...

Bought YM at 12157 with stop at 12130...

No sign of a breakout, volatility is high...

After exiting the trade, the market turns higher but in a very volatile fashion...HFT are stepping up...

Trade exited at 12140 for a gain of 26 points...suddenly it drops prior the open...no choice but to exit...