Market View 25 October 2010

Another fresh trading week and a major news
awaits us as SGX is planning a merger with
ASX and I do receive a couple of emails on
the impact of such large-scale deal.
In fact, I like such a merger and I do hope that
it will materialised after the regulatory and
government approval. It will create an US$1.9 trillion
exchange with about 3000 companies, 2000+ from
Australia and 800+ from Singapore. It will definitely
be good for traders as there will be more liquidity
and more trading opportunities ahead, and I do
thrive in such an vibrant environment. Look out for
the announcement from SGX and ASX soon.

Recently, many stocks were stuck in a tight
trading range and the margin is not that impressive
although you can't complain as most stocks had
risen to a high and thus need a break as well.
If you are asking whether GLP, MIT will
continue to go higher, then I can only say that
MIT will have good support at 1.10 and if it is
taken out, the next support will be at 1.06
GLP will be supported at 2.19 and resistance
at 2.33

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: In case some readers were wondering about the Chinese
post 随笔一则 that I made yesterday night, it was just a casual
writing on how I felt about money and what I see people dealing
with $$ and how $$ impact the people. Just a any-how write-up.