Market View 6 January 2010

The Market View is back today....
Ok, Uncle Sam had a mixed closing yesterday with the Dow
fell by 12 points, while the Nasdaq added 0.3 points &
S&P 500 gained 3.5 points. It has been a pretty good surge
for the indices and stocks except for that last trading day of
the year's drop. Are we going to step on the brake soon?
Yes, it is looking that way from what I see.

Back to our market situation.
We had a great run with the blues and the pennies surging
higher pre and post new year which is a good sign to see.
One skype member commented that he had not seen such
surge for quite some time, and hope for it to continue.
I answered that if it continues, then it is a pre CNY rally,
but as what I saw at yesterday closing bell, many pennies
closed way below their day-high. It will be nice if we can
have a short and healthy profit-taking session, digesting all
the recent surges and to focus ammo on the next surge.

If you want to trade today, then stick to those still at a high-note
and great momentum. I am always prepared for the wind-change
for I believe that it will be soon.
For short-term trading, I will be focusing on Epure, CSE, CWT, PEC,
Ezion, Swiber & Midas.

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