Market View 20 November 2009

Look like Wall Street is hitting a harder brake than
what I expected....
Dow was down 94 points though recovered from
as much as negative 170 points, Nasdaq and S&P 500
were also down for the night. There were concerns
about some economic data pointed to the fragility of the
recovery, and BOA-ML downgrade of the semicon sector.
In my view, it is just a clear-cut profit-taking selloff,
and it is very "positive" to have such a market action
to clear off some in-the-money positions. I still believe
that the trend and momentum will resume after this
short brake (break).

I believe that our market will open weaker on the opening
bell but will almost certainly close much better and firmer
in the 2nd half of the day, and maybe even much earlier.
I welcome any panic selling from the retailers as I will
pick up bargains again when available.
My trade for Yingli is still valid, and will also focus on
the 2 sinos: Sinotel and Sinomem, and YZJ for today.
I will keep this blog short today...

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