Shown is the 5-min. chart for today's market.
Not much noise for the participants are already on a holiday.
It will be a short trading day today in time for tomorrow's fireworks display.
'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Tuesday, July 3, 2012
Monday, July 2, 2012
Zigzag Monday's Market
The market moves on a choppy sideways today prior to holiday come Wednesday.
Seems most participants are already on a Holiday break except the programmers.
One can notice the erratic sideways moves the whole trading day.
I can surmise that the market is just consolidating prior to the next big move.
Today's market consolidates mostly within the previous close and above the pivot line.
Seems most participants are already on a Holiday break except the programmers.
One can notice the erratic sideways moves the whole trading day.
I can surmise that the market is just consolidating prior to the next big move.
Today's market consolidates mostly within the previous close and above the pivot line.
Sunday, July 1, 2012
Friday, June 29, 2012
Friday's Market Conclusion
Shown is the 5-min. chart of today's market action.
Not much noise when it gap up in the open.
Bears are covering in darkness.
Not much noise when it gap up in the open.
Bears are covering in darkness.
Friday's Market Entry Point
The market gap up today and shown is the 1-min. chart entry point for a long trade.
Let's see how it goes.
Let's see how it goes.
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