Market View 7 December 2010

Wall Street ended mixed as "stocks on Monday ended
a three-day winning streak, hampered by worries about
Europe’s ability to stem a spreading debt crisis, with losses
limited by strength in tech stocks." Dow lost 20 points,
S&P 500 down 2 points while Nasdaq advanced 3 points.

Yesterday, the main focus had been Genting and the
plantation stocks that I have mentioned numerous times.
Genting closed below the 2.11 resistance again after surging
to high of 2.14 It will test it again today and with so many
positions stuck at higher price on top, it will really require
great volume and buying to propel it to the next resistance
at 2.18
First Resources did remarkably well yesterday and it appears
that 1.51 resistance may be tested soon with supporting forces
gathering at the 1.44 level. Golden Agri is likely to face strong
resistance at 77cts and it is pretty near to the support at 73cts.


I am quite disappointed with GLP's performance and I had
caused readers' losses from the counter. Please have a cut-loss
level if you are not able to weather the storm now. It will once again
be very attractive near the 2.25 level in my opinion.


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