Market View 6 December 2010

Somehow I don't know how did I manage
to spend the weekend without doing anything
productive and rewarding other than spending
quality time with my love ones. I believe that
even if you have all the world fortune in your
palm but you can only enjoy it alone, then it will
be meaningless and useless in my opinion.
To me, a good family relationship is key to rewarding
trading although I do know of some loner traders
performing decently well too, but that is not my
belief and idea to stock trading.

Well...getting back to stock trading now.
Genting had a good run last Friday but still
closed below the resistance of 2.11 It will definitely
test it again and the next resistance stands at the
all-important 2.18
GLP's resistance is still the same as 2.25 although it
will really require a strong volume and strength to
break it.
The palm oil stocks are still doing well and the
resistance level had been much documented in my
previous postings.

Some readers asked me whether I will close my book
and go for holiday in December? No, I am not going anywhere
this month and will sit out the month together with my
trusty computer.  :-)  Some readers commented that it is
quite boring to trade nowadays but it is not exactly the same
case to me. If you notice, I only stick to stocks that will surely
have liquidity and momentum to be in it.

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