Market View 24 August 2010

Wall Street continued to slip although no killer-blow
yet as "investors took refuge in defensive shares
after the latest corporate M&A failed to soothe
concerns the recovery is stalling."
Dow lost 39 points, S&P 500 slipped 4 points
and Nasdaq down 20 points.

Yesterday main star of attraction was Genting as
it surge across the resistance 1.51 and 1.57 to close
up at 1.59 It will face 1.64 and 1.71 next if it continue
to rise. Keep a trailing stop and enjoy the surge.

Some readers commented on skype that my blog's market
view seems to be shorter and shorter. Well, that is a fact
as there isn't much to trade anyway. The main actions
are concentrated on a few stocks which I kept mentioning.
Anyway, watch for further movement in Sound Global
and Longcheer.

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.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山

P.S.: I have been sending out reports out lately and if any reader
who is in my list but never receive reports by tomorrow, please
inform me.