Market View 3 November 2009

Don't you just love the US stock market?
Dow was up as much as 147 points at the 2 hours
mark, but plunged down 34 points before settling
the day up 77 points. What a roller-coaster ride it
must have been in such a volatile day.
Look like such see-saw session will be the theme
for the next few trading days as we will have the Fed
meeting this week, you just got to love such volatility.

STI was maginally down yesterday, but a lot of pennies
were way above the day-low, as expected by me when
I wrote that in the blog yesterday. I have to say that many
retailers are actually out of the market waiting for clear-cut
signal to get into the market, or they are simply holding
on to the losses and praying that the stock price will move
above their buying price, when they will sell their stock off.
I can bet with you that they won't sell even if the price is
above their buying price, as they will then pray for the price
to surge higher, and the whole cycle countinues when the price
falls again........

I have readers asking me what to buy, and I gave my recommendations,
but when I turn to ask them when the stock is running, they
will reply that they did not buy as they are scared.
Ok, it is the infamous Fear monster's doing again.
It is all part-and-parcel of the game, and I can understand their
concerns, but they really need to be able to see the whole
picture which maybe is an issue of experiences.

We shall see a firmer opening today, but the scenario of the
day is to see how long and how high the stock can stay
within the day-high. My view is that we will still have a good
trading day, but not on all stocks.

Take a look: Ausgroup, Ezion, Falcon, F1, First Res,
Li Heng,Mermaid, Raffles Education, Sinomem, Swiber,
United Enviro,Uniasia, YZJ, Yingli & Pan Hong, Sinotel.
Looking closely at Rotary, Tat Hong & Tiong Woon, Ramba,
Seroja, C2O, AFP, China Enviroment, Asia 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