Market View 8 September 2010

Wall Street fell in overnight trade as
"stocks fell in very light volume on Tuesday as
investors seized on renewed concerns about
European banks as a reason to sell shares after
strong gains last week. Banks, energy companies
and chipmakers were the biggest decliners.
Some analysts said the drop after Wall Street's
best week in the past two months shows the market
is likely to remain range-bound."
In my own view, I feel that the chances of Dow fall
below 10000 again is very high, and it is a matter
of when and not whether it will happen.

Genting surged high yesterday and it is looking
to test recent high and resistance 1.83 with the
next resistance standing at 1.89. It will be well
supported at 1.76
Sound Global as expected hit the resistance
73.5cts with force but still unable to break it.
It will run wild after breaking this resistance
with 77cts in sight and supported at 70cts.

The volume with many stocks have been
pretty low these days and if you want to
trade, it will be wise to stick to those in
the play-up and with volume and momentum
backing it up with power.


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