Market View 24 January 2011

A final full trading week to the CNY-shorten
next week which we welcome the Golden Rabbit
year with great hope and anticipation. Some readers
asked me whether there will be a CNY-rally this year.
If there is one, then it must start from this week
and last till the CNY-eve and beyond. I am still
quite optimistic and confident that we are going
to have a decent rally this week and the next.

Genting made an effort to break the 2.18 resistance
last Friday, but still can't overcome the resisting
forces and closed at 2.15 for the week. It is in
the 2.11-2.18 region now and I believe it should make
effort to re-test the resistance again and again
and should it successfully breaching it, the next
resistance is at 2.25

A few readers were in the stocks that I mentioned
last week, Dukang and United Envirotech. I have to say
that although I still believe Dukang will break the
historical high 93.5cts, it is wise to have a ready cut-loss
level in place. Dukang hit a high of 93cts last Friday but
closed at 91.5cts due to last hour selling pressure.
I expect it to surge again on a attempt to create new
high and move toward the $1 psychological level.
United Envirotech's volume had dropped in the
last few trading session although its movement was
very well contained and supported. Watch for increasing
volume preceding the imminent buying that follows.

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