Market View 15 November 2010

It was a pool of reds in our market last Friday
as profit-taking took centre-stage and sellings
can be seen in the blues and pennies.
Genting suffered the selling badly but it still
managed to hit a high of 2.17, that is 1 bid from
the major resistance level 2.18 It will have supporting
forces at 2.10 and 2.04


Last Friday, SSE crashed 5.2% and alll eyes will be
on whether the SSE will continue to slide down or
consolidate this week.

The plantation stocks have a great run lately but
to me their surge is not over as yet, but their upside
will be seriously tested at recent highs.
Watch for the O&M sector closely...

It is going to be cautious holiday-shorten trading
week, and it will be smart to take some money out
of recent winners. This is not to time to play
show-hand but a time to observe the bargains among
the hard-beaten stocks, and to move in when a
sector's stocks are moving, like Plantation, O&M...

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