Market View 16 December 2009

Another brake was applied in Wall Street, with Dow retreated
from 14-month high down 49 points, while Nasdaq and S&P 500
fell 11 and 6 points. Although there are fundamental reason
behind the fall, like the higher-than-expected increase in the
overall U.S. Producer Price Index in November, the main concern
is still with the Fed Policy meeting which started yesterday night.

I believe that this is still a usual and normal profit-taking
session by the market players, as they trimmed their positions.
I certainly don't see any big correction or selldown in the near
future. In fact, I believe that we should have a great month although
the trading volume will be decently thin all the way to the Q1 2010,
especially since we will have lots of FY corporate results out.

One Skype member told me yesterday that he had "close the book"
for his 2009 trading, and although he is not going for a holiday
or whatsoever, he will not be buying stocks this month. I told
him that he will be "forced" to come out and open the book
to trade some stocks in the remaining trading days for the year.
I still see that we should have a run-up soon all the way to the last
trading day of the year, and continue into 2010.
I maybe wrong, but until I am really proven wrong, I will be sticking
with the winner stocks in the last breakout for the year, and
if you have been reading the blog for a while, you should know
which and who are the winners.

Unless I am heading for a last-minute few day trip, I will officially
close the book on the last trading day of the year.

Focus on Yingli, Ausgroup, YZJ, Sinotel, Sinomem, Swiber,
Ezion, Falcon & Mermaid, PEC, Epure (added) & those
sub-$1 stocks heading toward the "magical" mark

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