Market View 25 February 2010

After Old Ben told the congress that interest rate will
stay low, the market rally on the "good" news.
Dow surged 92 points, S&P 500 added 11points while
Nasdaq gained 22 points. All these market swing may be
not welcomed by some, but it is certainly a sign of greater
thing to come, as once the mood is set, the movement that
follows will be fast and furious.

I was hoping for some serious genuine selling yesterday
morning, but the scale of the fall is still not enough. Most
quality stocks rebounded way too early to my disliking,
as I only managed to caught a couple of them.
Nevertheless, you should still have reasonable profits if you
are in Broadway, Epure, Sinotel, Sinomem, YZJ, Yingli,
CWT, Midas and Ezion, which are all in my winner list.
I saw from another "popular" blog website that was telling
the readers to sell yesterday, but I told my reader to buy and
enjoy the "constructive" wave, and I was proven right.

I see the momentum continuing today with the stocks in my
winners list, and I will add positions in those stocks still on the
run-up. Broadway and CWT is back into the 90s and I certainly
don't see Epure far from entering the region again. Midas is facing
resistance after overcoming the $1 mark, and should consolidate
before another surge-up. In my stock scan yesterday night, I noticed
that Ausgroup has a pretty good chart built-up, and I am watching it
closely for potential entry in the run-up. I am still quite bullish on
Genting, as it should rebound any time. But as always, have a trailing stop
and stop-loss ready, as the wind may turn and it will become a
"destructive" wave.

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