Market View 20 October 2009

Wall Street started the week with a bang,
and Dow was up above 10000 points again,
adding 96 points in a good trading day acting
on strong positive corporate results.
Now, Dow got to hold its ground, and stay above
the important support level for the market
to carry on its momentum. We will have Yahoo,
Caterpillar, DuPont, Pfizer coming out with their
result tonight.

Our market managed to close 3 points on the upside
yesterday, but it is really the pennies that is really
stealing the show, in particularly some of the stocks
that was mentioned by me. I added Raffles Educations
last thursday into the recommendation in this blog,
saying that I like its chart and momentum, and I was
rewarded with a surge yesterday which should continue
and add to my profits. Yingli, United Enviroment &
Pan Hong were also moving up, just to name a few.

It is obvious that the most stocks will be opening on
high note today, but now is the issue of substaining
for the whole day. This is not really a great issue
to me as I have my stops ready for any untoward
action from Mr Market. Stick to my stock recommendation
given, and you should have a great October profits,
well enough for a wonderful holiday, which I am consider
one in december. Anyway, tackle each day first.........

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