Market View 24 May 2010

Wall Street managed to close in the positive region
last friday with a last-minute push-up, but were still
deeply down for the week. "Volatility will be the name
of the game on Wall Street next week as uncertainty
over the euro-zone debt crisis remains and investors
will need nerves of steel to make bets on risky assets
like stocks." In my own view, I believe we will see
a rebound this week although it is still going to be
volatile and erratic.

I knew of some readers who went in last friday on a
couple of stocks when they gap-down on opening,
and I believe they are sitting on a good profits or
have already taken the money out. Like what I mentioned
in blog last week, "Let the ferocious selling by the retailers and
un-known do their job initially, and the "mighty" supporting
hand will quietly sweep up the bargains." Indeed, the closing
was much better with the "supporting hands" doing the
job well.

I expect to see a much firmer market this week, although
you can say that I am still cautiously optimistic about the
short-term market condition. We should be able to see
another surge wave before the big destructive wave
surface again.

Take note of the winner stocks that I kept mentioning
and also those in the 90cts++ region stocks as they
will get push-up to a test of the important $1 mark.
I feel that we will have quite a good week ahead.

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