Market View 16 June 2009

What a "red-letter" trading day yesterday!
It is a much-needed, welcomed and awaited
profit-taking correction, we should see more
coming in our way.

Will we have the perfect storm that will
take us back to March low, and give those
who recently missed the boat another chance
of going in low?
No, I really don't believe such a scenario will
happen. Once the stocks and index reach
a psychological or technical support level,
I believe strong hands will emerge, and should
tilt the scale back.

Don't worry, we will still have trading opportunities
all around, even in a pool of reds like yesterday.
We just need to follow the trend of those strong
stocks in such time. Trend-following is a much-tested
and workable trading method that is used by many
investors and/or traders around the world.
My trading method also incorporate trend-following
and market sentiment (mood) into it, and those who
got it should have a clearer picture.

If you still want to trade today, stick to the greens
among the reds, if any. Yes, some readers may want
to do "shorting" which I don't really like to use.
It is not that I don't use it, but I simply prefer to stick
to the still-greens. Our market already pre-dropped yesterday,
and today we should still see profit-taking, but we will
have greens.

Trade those still Hot (Green) stocks but be cautious
of south wind.
Follow the Flow, but expect the Unexpected.
I will be trading today on the still-hot stocks, but a
selldown is still welcomed.
Concentrate on the GREEN (If Available, but prepared)Hot stocks:
Straits Asia, Midas, Olam, Ezra, KS Tech,Cosco,YZJ,
Indo Agri, Noble, NOL, SembMarine, Yanlord & Uniasia,
Raffles Edu, Swiber, Swissco.
(P.S.: I will be adding a few stocks to the list, as I
have been observing them for a while, and
is confident to "tame" them now. :-)

Enter any position with 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