Market View 5 March 2010

All 3 major US indices closed in the green in overnight
trades, with Dow up 47 points, S&P 500 gained 4 points
and Nasdaq added 12 points. Market was cheered-up by
"better-than-expected monthly sales from retailers and
a drop in the number of Americans filing claims for jobless
benefits pointed to stabilization in the economy."

Ok, now that Genting had breached the important support
level of 86.5cts, what's next?
Like what I have stated 2 days ago, the next support is at
80.5-81cts level which is quite near as it closed at 84.5cts
yesterday. If it rebound now, then the previous 86.5cts support
level will become a strong resistance now. I believe there will
be a consolidation of stock price with Genting before any
"reasonable" charge-up will take place. This is not a stock
for any faint-hearted trader, and you may get wipe-out if
you anyhow jump in for any thought of quick bucks.

For the time being, I would rather use my ammo on other
potential movers like the Water stocks, Epure and Sinomem
that i mentioned yesterday. Looking closely at CSE, CWT, Sinotel
and PEC as well, and it should be enough for some friday trades.

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