Market View 29 January 2010

Red is the obvious colour after yesterday US market close,
all 3 major indices fell more than 1%. Dow slided down 116
points, S&P 500 fell 42 points while Nasdaq lost 42 points
or 1.9%. Bad result from some corporation result and
global recovery worries once again is the trigger for the
decline. It pays to be on the cautious side at this moment.

Some skype members asked me what is my stand on the
current market situation, and whether I am still cautious
after STI posted a 51 points gain at yesterday's closing bell.
My stand is this: We maybe at a minor turning point now,
the thing is, in which direction. I want to see volume, volatility
and momentum back into our market in not just one day,
but a few days of market action. I don't just see one day's
market transactions and actions and decide that the market
is "officially" on a run again or will turn lower from now on.

I am still cautious optimistic about the market, and believe that
we are just having a much-needed break, and should resume the
upside path once again afterward. Because I am cautious, I will
not just push the blog readers or skype members into action,
but get them to watch the show from the sideline.
Do you know that you can learn a lot of things just watching the
daily market action unfold?
But you will "learn" even more things when you are in the action
yourself if you are not careful and trained.

If you want to trade today, stick to the greens, or else just go
for the CNY shopping. I don't think you will miss much today.
Don't worry, we will see more actions next week.
Winner Stocks: Epure, Sinomem, Asia Enviro, CSE, CWT,
PEC, Ezion,Swiber,Broadway, Midas & Sinotel, Golden Agri (added).
Tiger Airways (IPO punt)

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