Market View 4 June 2009

Same old story again.
When Uncle Sam snapped a 5-day winning
streak, the media can just say anything that
is "right" to them.
So it is due to the Unemployment figure, and
profit-taking that is causing the decline in
US index.
If Uncle Sam continue to advance, then the
media is ready with the script, and will tell
you that market decided to focus on economic
recovery, and proceed with the market rally.
Same old story.

OK, back to our market.
I am not very comfortable seeing how our market
is behaving last couple of days, and I see a storm
coming. It is a much-needed one, and I look pass
the storm for the sunshine afterward.
In layman term, a decent correction is coming.
Profit-taking by the contra players, and maybe
funds and insitutions will selldown the Hot stocks,
and they may fall to the waiting hands below.
The current market surge is fast and furious, and
many investors and traders may be too shocked
for any action, and is still at the sideline, that
means that there are still lots of liquidity waiting
at the sideline.

Once the stocks start to dip, supporting hand from
those who assumed he had missed the boat recently will
come in bit by bit, and when it reach an attractive
level, either on the psychological front or base
on TA target, more buying will emerge.
Now, the issue is whether the bull or bear will win
in the correction tug-of-war.
I for the record still favours Mr Bull.

I welcome any selling, big or small, as I have my
trailing stops ready, and will be out if the situation
turn nasty.
Trade those still Hot (Green) stocks but be cautious of south wind.
Follow the Flow, but expect the Unexpected.
Concentrate on the GREEN (If Available, but prepared)Hot stocks:
Olam, Ezra, KS Tech, Cosco, YZJ, Straits Asia,Indo Agri,Noble,
NOL,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.

Yesterday at about 2.50pm, I noticed that Otto Marine
starting to have volume and price activity coming in,
and informed an associate and I also entered the stock.
Indeed, the stock got charged up to a high of 48.5cts
from 44cts at 2.50pm, and it was a fast and quick profits
in 30mins. The stock eventually closed at 45, but I was
already out with decent profit. My associate missed the
action as he was tied down with some other positions.
You can get all these type of fast action if you are connected
to me with Skype.

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