Market View 29 September 2010

Wall Street rebounded to close in the green as
"latecomers jumped onto the September bandwagon, 
buying up sectors that have outperformed during the 
month." Dow gained 46 points, S&P 500 added 6
points and Nasdaq rose 10 points. 

Some responses that I received from skype and emails
yesterday ranged from that I am being too bearish and 
I will be right on my view. I have to mention again that
any positive or negative views on the market are purely
my own, derived from my observations or the chart or
even my gut feeling. I believe that the readers can make
his/her judgment and form his/her own opinion of the
market condition and sentiment. To conclude, I am bearish
on the market in October.


Ok, back to the stocks..
Genting indeed fell to the support level yesterday and 
closed at 1.95 The next fragile support level is at the
psychological 1.90 Further upside will be tested at 2.03 
With regards to other stocks, I am feeling the strain
of top-heavy positions which will triggered panic
selling if the sentiment changes.

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