Market View 9 February 2010

Dow closed below 10000 points for the first time
since November as worries over European debt and
the health of the economic recovery the main trigger
again. Dow closed at 9908, down 104 points, S&P 500
lost 9 points while Nasdaq slided 15 points. The banks
and financial stocks were the biggest losers and it seems
that the low has not been reached yet. I view this tumble
to be like a correction much-needed and definitely not
a crash as some have feared. It is perfectly normal for the
market to fall after last year's strong surge, and the European
debt worries are just "excuses" to "justify" the selling.

It is looking like we won't have a grand-event CNY rally this
week, but I think a rebound is on the pipe-line. From what I
saw in the chart, many stocks have reached important support
level, and we shall see whether it can be breached. Cautious is
still the name of the game this week, and guerrilla warfare is
the perfect strategy to trade stocks currently if you are still game
enough to catch stocks on contra or intra.

Look for the greens and follow the winners, or else sit on the fence
and watch the show unfold.
Focusing on Genting, CH Offshore, Falcon Energy, CWT, PEC, Epure.
Winner Stocks: Sinomem, CSE, PEC, Ezion, Swiber,Broadway,
Midas & Sinotel, Golden Agri, Yingli, Biosensor (added).
IPO punt, if available.

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