Market View 19 October 2009

It is another fresh trading week......
Dow tumbled down below 10000 points
last friday after a not-so-impressive result
from GE and BOA. To me, it is just another
small much-need brake, and it is likely that it
will surpass it once again. I said in the blog last
week that the main issue of the day is how long
it will stay above the crucial 10000 points,
which is both a pyschological and technical
support and resistance level to many market
watchers and players. I see that a tug-of-war
is going on at the line, and it is an interesting
battle to watch.

One of my readers emailed me recently saying
that he is waiting for the Great October 2009 Crash,
as this is the most likely month of market crashes
when you refer to the market history book.
Ok, what is my respond?
I purposely put one of the market quote on top of the blog.
"OCTOBER. This is one of the peculiarly dangerous months
to speculate in stocks in. The others are July, January, September,
April, November, May, March, June, December, August,
and February.
Mark Twain 1835-1910, American Humorist, Writer"

To me, it is all the same. regardless of what month we are
in, a market crash or strong bull rally is possible.
The main issue is which side are you in when it
happens. If you are with the "right" trend and momentum,
then you will be greatly rewarded with succulent and
"indecent" profits. If you are acting against the
run, then behold the wrath from Mr Market as he come
crashing down on you.

I believe that most readers should have made money
in October, although we are only half-way through the
month, and I see that the trend will follow-through the
month.
I continue to like the stocks that I recommended,
and after a dead boring friday trading, we will have a
lot of action today.
Take a look: Ausgroup, Ezion, Falcon, F1, First Res, Li Heng,
Mermaid, Raffles Education, Sinomem, Swiber, United Enviro,
Uniasia, YZJ, Yingli & Pan Hong.
Looking closely at Rotary, Tat Hong & Tiong Woon, Ramba, Seroja,
C2O, AFP, China Enviroment.

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!