Market View 8 July 2009

All 3 major US indices closed in the red, and that is
likely to have ripple effect to our market.
The obvious scenario is a weaker opening, and
some stocks may even gap-down. But like what I
have mentioned the last time, and I hope that you
have observed the same action, our Hot stocks are
still very much well-supported. Once the stocks
have fallen to an attractive price, support will come
in and snap up and support the stock. I believe it will
be the same case today, so I welcome any scale of selling
to push the stocks down, as they will then become
attractive to me. :-)

Yes, you will be watching a horror movie today, but
the ending is very much unpredictable. The most likely
ending will be stocks should close above the day-low,
and we may even see some green shoots.
I certainly hope that no readers here "show-hand" yesterday
as the ending turn out to be a disaster.

I will be staying out of the market until I see certain stocks
showing strong momentum in a pool of red, or I see stocks
reversing the trend, but it will still be light trading today.
One of my trading friend in Skype is off to a course today,
and that means that I have to fight the battle myself,
but it is still Ok.

Trade those still Hot (if available Green) stocks but be cautious
of south wind.
Follow the Flow, but expect the Unexpected.
I will be trading light today on the still-hot stocks.
Concentrate on the GREEN (If Available, but prepared)Hot stocks:
Straits Asia, Midas, Olam, Ezra, Ezion, KS Tech,Cosco,YZJ,
Indo Agri, Noble, NOL, Genting, Ascendas India Trust,Yanlord &
Uniasia, Raffles Edu,Swiber, Swissco.

Enter any position with a Cut-loss level & 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