Market View 18 November 2010

After a short holiday break and it was a
prompt one in my opinion but anyhow,
we are back in trading again.

Wall Street closed mixed in what was a
choppy session as "Investors were unable to
recoup recent losses in the market on Wednesday,
suggesting the struggles recently experienced by
stocks are far from over.
A late-day selloff did not inspire confidence.
Volume was light and early buying faded, as financials
led the market downward. The S&P 500 is down nearly
4 percent since November 5 after rallying nearly 13
percent in September and October."
Dow lost 16 points, S&P 500 edged up 0.25 point
and Nasdaq advanced 6 points.

It was a somewhat boring session on Tuesday
and many stocks are having a hard time with
the rampant profit-taking, but it was nevertheless
a much-need and welcome one in my view.
If you are asking when will the selling stops and
how deep the selling will be, then I have to take
a back seat and allow Mr Market to show me the
clear path. From what I see from chart and sentiment
the selling is not over yet, and it may worsen and
continue for some time.

A few Skype readers asked me whether they can
enter the market on Tuesday afternoon, I told them
only 2 words "Don't Touch" which can be verify by
the readers if they choose to comment on it.
Stocks are likely to play "catch-down" today, and
we are expected to open lower but closing firmer.

Genting closed at the 2.10 support/resistance level
as what I mentioned 2 days ago. Which side of
2.04 and 2.18 will it go? I believe the possibility
of further downside certainly outweigh the upside
potential, but this is Genting that we are talking now,
and I won't discount a surprise wild charge run by it
but 2.18 will be a worthy resistance for now.

I am still cautious at the moment and will sit-out
and watch for bargains and the still-green in such
a circumstance.

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.: I was so bored with the market on Tuesday that I
switched on my TV to watch the Asian Game table-tennis
final between China and Singapore. To my disappointment,
Singapore lost the game, but it was the way that we lost that
triggered to do a write-up on CNA forum about the match.
Below is my write-up:

"新加坡女乒兵败如山倒，惨败。
中国女乒势如破竹，轻松取胜。

虽说中国队占有主场之利，但我队以 3-0 落败也输得太难看了。
或许是之前的对手太弱， 不至于造成威胁， 整支队在面对
逆境时，被打得无招架之力，中国队得以报一箭之仇。

王越古在第一盘的比赛中输的可惜，尤其是第二局的关键时刻。
如果当时侥幸获胜，结局还难于预测。冯天薇表现差劲， 反常，
整场比赛被对手压着打， 败的糊里糊途。李佳薇状态不佳，在
第一局该胜不胜，最后栽在比她小很多的对手的手下， 显然她
已难复当年勇。

各位看官如果有观看直播， 就会发觉我队女将在面对比分落后
时， 就摆出一副认输， 放弃的表情，怎可不败? 反观中国男人婆
女将在主场观众的助威，呐喊下越战越勇， 一举摘下胜果。

有些人会说我队虽败犹荣， 但这些都是安慰落败者的无聊废话，
心存此侥幸，消极心态，应有此败。"