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Thursday, May 21, 2009

Market View 21 May 2009

STI closed yesterday at 2269.24, up a
very nice figure 8.88
Uncle Sam closed in the red, reversed an
early rise, and finished at day-low.
How will our market react today?

We are likely to see stocks in the red,
due to profit-taking, and maybe even
desperate selling. A handful of Hot stocks
may still be in the green, but looking at
most Hot stocks closed away from the day-high,
the number will be limited.

We have been earning from Mr Market using
the follow-the-green strategy, which is also
in my method highlighted. It seems like the
profit-taking is not over, and we may see more
in the coming days. Nevertheless, as long as we
are following the green, and trade only the Hot
stocks, with a strict cut-loss and/or trailing stop,
we are prepared for anything.

I received emails from members, saying some stocks
are looking to be "expensive" on fundamental ground,
and they won't be touching them.
Yes, they maybe "expensive" if you are using FA,
but I am using TA, and will follow on the stocks
until its play is over, and gravity takes over, and
maybe it will be back to the "correct" price.
But rest assure that MOST stocks will never be at
the "correct" price, as it is that "difference" that
make the trading popssible. If all stocks only reach
the "correct" price, and stop moving from there,
where is the trading opportunities?
For more reading on all these "incorrect", "expensive",
"cheap", "correct" price, refer to Efficient Market Hypothesis (EMH).

I will be cautious but alert to any green traduining opportunities,
and will be entering Hot stocks.
Follow the Flow, but expect the Unexpected.
Concentrate on the GREEN (if available, but prepared)Hot stocks:
Ezra,KS Tech, Cosco, YZJ, Straits Asia, Indo Agri, Noble,NOL,
Olam, SembMarine,Yanlord & Uniasia,Raffles Edu,Midas,Swiber,Swissco.

As usual, enter a position will a Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.

If you have Skype, and would like to chat with me
about stocks and all others,you can ring me at
my email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山

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