The market finish high today and it formed a saucer pan? pattern.
Looks like it might fail two hours before the close but went up vertically afterwards.
Nice setup if you were able to enter at 12880 level and close it at 12930.
The market is back on track again after dropping 200 points plus last last Tuesday.
'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, March 8, 2012
Wednesday, March 7, 2012
The market made a dramatic revenge today from yesterday's tumultuous pounding by the bears.
This time the bulls are always ready to counter any attack the bears they are trying to bring in the table.
One good trade today is at the consolidation level 12780 that leaps vertically from thereon.
Buying at that level and selling at the close is the trade for today.
This time the bulls are always ready to counter any attack the bears they are trying to bring in the table.
One good trade today is at the consolidation level 12780 that leaps vertically from thereon.
Buying at that level and selling at the close is the trade for today.
Tuesday, March 6, 2012
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