Nicolas Darvas Box Theory Trading Method

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Friday, June 19, 2009

Market View 19 June 2009

We had a ferocious selldown yesterday after the
lunch break, and guess what, we just may have
another one today.
Uncle Sam's green closing may trigger a buying
on opening bell, but given that the selling is not
over yet, and today is friday, I don't think the
momentum can last till the closing bell.

Yes, some stocks have fallen to pretty (pun intended)
attractive price, the selling is not over, and the tug-of-war
winner is the bear for now. Once I see reversal in
trends, I will rush in, but in the meantime, brace yourself
for the south wind.

From what I gather from trading friends and partner,
there are many "stuckists" in the hot stocks who simply
pray to Mr Market to reverse their position back to
profits and don't have a cut-loss level. Like what I always,
they can keep on praying, and Mr Market just, maybe , just maybe
will reverse their positions. Yeah right, dream on, it will happen
once in a blue moon.

One friend in Skype comment that I can be so
relaxed because I am light in positions. Yes, he is right.
Why should I risk now with the stocks beaten down,
and the momentum is obviously with the bear.
I only fight guerilla warfare at this time. Move fast into
a stock, and exit with profits when the tide turns, or else
take quick losses and exit with scratches.
But once the market is in a favourable mood, then only
I will enter with full force, as the wind is behind me.
There is a huge difference in market view from the traders
and investors, I am in the trader's camp, and will remain
as so. Even if today is the rebound day, and every stocks
closed green, and you are not in it, so what?!
You will still have plentiful of trading opportunities
once the trend is set, and you can pick your winners
at that time.

If you want to trade, follow the greens, or else,
just stay out and enjoy the show from the fence.
Trade those still Hot (Green) stocks but be cautious
of south wind.
Follow the Flow, but expect the Unexpected.
I will be trading today on the still-hot stocks, but a selldown
is still welcomed.
Concentrate on the GREEN (If Available, but prepared)
Hot stocks: Straits Asia, Midas, Olam, Ezra, Ezion,
KS Tech,Cosco,YZJ, Indo Agri, Noble, NOL, Genting,
Ascendas India Trust,Yanlord & Uniasia, Raffles Edu,
Swiber, Swissco.

Enter any position with a 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

Thursday, June 18, 2009

Market View 18 June 2009

Uncle Sam closed mixed on banks downgraded
and weak profit forecasts...whatever. Our market
were also mixed yesterday, with the blue chips
down, but a couple of the Hot stocks continued to
move north. Nothing but past history.....

Is the selling over?
When can we see the pool of greens again?
I wish I knew the answer all along, but sadly,
I don't :-(
I just have to keep on follow the market and
individual stock trend, and it is enough for me.
Some stocks are still green despite the rest in
a pool of reds, these are the "stronger" stocks,
and good trading candidate.
Frankly, the selling is not that fast and furious,
and most stocks were only down bits from their
recent surges. I actually hope for a more severe
selling, but the supporting hands are strong.
I will just have to follow the script.

Stocks tried to rebound yesterday and nearly did
so but failed at the last few hours, and I believe
there are more trapped and stuck on top of the
price range, and it will get ugly if the south wind
continues throughout their contra period, and
they have simply no intention of cutting losses.

It is likely we will see another mixed trading today
before the sky is clear. We may see further selling
and consolidation playing tug-of-war, and the winner
will be revealed..... right after the commercial..... HaHa...
To be frank, if you want to trade, follow the greens,
or else, just stay out and enjoy the show from the fence.

Trade those still Hot (Green) stocks but be cautious
of south wind.
Follow the Flow, but expect the Unexpected.
I will be trading today on the still-hot stocks,
but a selldown is still welcomed.
Concentrate on the GREEN (If Available, but prepared)
Hot stocks: Straits Asia, Midas, Olam, Ezra, Ezion, KS Tech,
Cosco,YZJ, Indo Agri, Noble, NOL, Genting, Ascendas India Trust,
Yanlord & Uniasia, Raffles Edu, Swiber, Swissco.
Yanlord is in the news as it plans to raise up to S$604 million
through issue of new shares and convertible bonds, take note.

Enter any position with a 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

Wednesday, June 17, 2009

Market View 17 June 2009

So we have a stock GSS started late,
and it is a good well-awaited GREAT sales.
We should have another good sales today
looking at how most stocks closed yesterday
and the reversal of trend by Uncle Sam.

Yesterday saw a couple of hot stocks still closing
in the green, and we should expect the same
situation today with the rest in the bloodbath.
So will we see a rebound soon?
Yes and No, when stocks have been sold-down
to a very attractive state, the rebound will come,
but it will be beyond any people's guess as to when
it will come. On most occasions, it will appear when
you least expected it to be.
In the meanwhile, enjoy the GSS of stocks.

If you want to trade today, stick to the greens among
the reds, and only show-hand when the coast is clearer.
I am adding 3 stocks, Genting, Ezion & Ascendas India Trust
into my hot stocks watchlist and will remove 1 stock,
SembMarine from the list. It is not to say that SembMarine
has no upside, but its trading opportunity has since
reduce from its fabulous surge from low. If it drop to
an attractive state, I will be very interested again.
I have been tracking and tracing the 3 stocks on the
chart, and is confident that I know their trading
pattern, not 100%, but worthy of a good play.


Trade those still Hot (Green) stocks but be cautious
of south wind.
Follow the Flow, but expect the Unexpected.
I will be trading today on the still-hot stocks, but a
selldown is still welcomed.
Concentrate on the GREEN (If Available, but prepared)
Hot stocks: Straits Asia, Midas, Olam, Ezra, Ezion, KS Tech, Cosco,
YZJ, Indo Agri, Noble, NOL, Genting, Ascendas India Trust,
Yanlord & Uniasia, Raffles Edu, Swiber, Swissco.
Still very much a great winner combination.

Enter any position with a 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

Tuesday, June 16, 2009

Market View 16 June 2009

What a "red-letter" trading day yesterday!
It is a much-needed, welcomed and awaited
profit-taking correction, we should see more
coming in our way.

Will we have the perfect storm that will
take us back to March low, and give those
who recently missed the boat another chance
of going in low?
No, I really don't believe such a scenario will
happen. Once the stocks and index reach
a psychological or technical support level,
I believe strong hands will emerge, and should
tilt the scale back.

Don't worry, we will still have trading opportunities
all around, even in a pool of reds like yesterday.
We just need to follow the trend of those strong
stocks in such time. Trend-following is a much-tested
and workable trading method that is used by many
investors and/or traders around the world.
My trading method also incorporate trend-following
and market sentiment (mood) into it, and those who
got it should have a clearer picture.

If you still want to trade today, stick to the greens
among the reds, if any. Yes, some readers may want
to do "shorting" which I don't really like to use.
It is not that I don't use it, but I simply prefer to stick
to the still-greens. Our market already pre-dropped yesterday,
and today we should still see profit-taking, but we will
have greens.

Trade those still Hot (Green) stocks but be cautious
of south wind.
Follow the Flow, but expect the Unexpected.
I will be trading today on the still-hot stocks, but a
selldown is still welcomed.
Concentrate on the GREEN (If Available, but prepared)Hot stocks:
Straits Asia, Midas, Olam, Ezra, KS Tech,Cosco,YZJ,
Indo Agri, Noble, NOL, SembMarine, Yanlord & Uniasia,
Raffles Edu, Swiber, Swissco.
(P.S.: I will be adding a few stocks to the list, as I
have been observing them for a while, and
is confident to "tame" them now. :-)

Enter any position with a 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

Monday, June 15, 2009

Market View 15 June 2009

There are just so much noises out there..
Some reports said that we are in the first phrase
of recovery rally which is fast and furious and
many investors have missed this early train.
Some reports still maintained that this is a
Bear market rally and we should be back to low again.
Some people may even considered the H1N1 news
to be noises, but trust me, it is NOT.
Maybe even my blog is considered a noise to the
readers. :-)

The market is still trying to look for clear direction
and before that, you can still have trading opportunities
in the milky water. Stocks will be mixed today, and
opportunities in the oil and commodities related stocks
are still looking good.
Stick to the winners.

Trade those still Hot (Green) stocks but be
cautious of south wind.
Follow the Flow, but expect the Unexpected.
I will be trading today on the still-hot stocks,
but a selldown is still welcomed.
Concentrate on the GREEN (If Available, but prepared)
Hot stocks: Straits Asia, Midas, Olam, Ezra, KS Tech,
Cosco,YZJ, Indo Agri, Noble, NOL, SembMarine, Yanlord
&Uniasia, Raffles Edu, Swiber, Swissco.

Enter any position with a 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

Disclaimer:

Please be aware that I am not a Certified or Qualified Financial Adviser, the views and recommendation on this blog is purely my own.

Please seek investment/trading advices from your Financial Professionals, Dealers, Remisiers before making any investing/trading decisions.

I will not be responsible and liable for any losses incur from my views and recommendations in my blog.

Take note that I may have current positions or seek to enter or add positions in the stocks that I wrote in my blog.

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