Market View 15 October 2009

As expected in yesterday's blog, Dow surged pass
the important psychological resistance 10000 points
landmark on better-than-expected results from
JP Morgan and Intel. Now we shall see how long
it stay above the mark......
We have many powerhouses reporting tonight,
and it is looking to be another exciting trading
day. They are Citigroup, Goldman Sachs, IBM,
Google & Nokia, just to name a few.

Our market was in a pre-celebration mood
yesterday, and many stocks rised through the
roof. A lot of my stock recommendations were the
winners, we can see that Ezion up 7.5cts, YZJ added
7cts, Falcon flew up 6.5cts, Yingli surged 4.5cts,
and Ramba, Ausgroup, Tiong Woon, Mermaid,
First Resources, Indoagri......
Don't ask me for stock recommendations today,
as I will just stick to the given winners until the trend
did a u-turn. I will be adding one more stock,
Raffles Education into my list, as I like what I see
in its chart and momentum.

Because we already pre-surge in anticipation of a
great US showing yesterday, we may face some upside
resistance today, as profit taking may arise, so I will
just keep to my stops, and ride the wave.

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

P.S.: If you want to chat with me on the stock market
actions, just use the chat room link at the right side of the blog.
Hope to "see" and talk to you soon!