Market View 7 December 2009

Wall Street closed the week with a good show, and it is
very likely to continue this week after a better-than-expected
job employment data. Dow started the day on a high
but profit-taking and sell-on-news took it into the
negative region before closing the day up 23 points.
Nasdaq advanced 21 points, and S&P 500 added 6 points.
There are a number of "reports" and "data" coming out
this week, but market sentiment and momentum is
likely to stay intact, amid regular and nothing-new
profit-taking along the way.

For our own market, I can only say that concentrate your
bullet on just a handful of good potential proven winner
stocks rather than trying to throw darts to pick up
a "good" stock. I like to stick to and follow winners, but take
note that I did not fall in love with those particular stocks.
I like to know the pattern of the stock movers, know when
and how the movers will move and under what circumstances
will it suddenly surge or plunge. All these are visible on the
chart and sentiment and momentum observation.
If you only purely trade based on the chart, you may fall into
what we call as "chart trap", as you are not the only one
who know and look at charts, I hope you know what I mean.
Don't ask me about it, but try to decipher it yourself, and
share with me what you have gathered.

Appreciate that profit-taking and sell-off, sell-down are
part-and-parcel of the trade, and you are likely to continue
to trade longer and eventually more profitably.
If you treat the stock market as a Casino, then you will
be suck down the drain very soon.

I believe this week will still present a lot of trading opportunities
to make money from Mr Market, but as always watch for the
weather change, and be prepared for it.
Focus on Yingli, Ausgroup, YZJ, Sinotel, Sinomem, Swiber,
Ezion, Falcon & Mermaid, PEC, Epure (added).

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