Market View 26 August 2010

Wall Street reversed from red to close in
the green as "stocks staged a comeback on
Wednesday, breaking a four-day losing streak
by major indexes, as key technical support triggered
bargain hunting that offset weak economic data."
Dow went as low as 9937 but closed at 10060
up 20 points, S&P 500 added 3 points and
Nasdaq gained 18 points.
Is this purely a technical dead cat rebounce or
is the worst is over? I believe that it is only
the peace before the storm.

Nothing has changed for my last few trading
sessions. The same old stocks are still in my
horizon although now the concentration is
narrowed down even lesser stocks.
Genting continue to be the stock most traded,
but I am taking 50% profits out everytime it
surges, and ride up the profits with the rest
of the positions.

I continue to trade lightly on stocks like CSE,
PEC and Sound Global while waiting for that
defining moment, a breakout of either side for
me to add on or reduce exposure to the market
conditions.

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