Market View 9 February 2011

Wall Street closed in the green again and
let's see how our market will react after
closing in the red yesterday. Dow added
72 points, S&P 500 gained 6 points and
Nasdaq advanced 13 points.

Yesterday Genting rebounded from a day-low
of 2.04 to close at 2.09 +3cts and this is a
very good sign that it may proceed to test the
2.11 resistance. Should it breached, it will be
in the 2.11-2.18 range and I believe this will be
the very likely scenario seen rather than the
gloomy state it is in right now.

There are a few stocks that I believe has good
potential to be in the limelight and the rewards
should be fulfilling. Ezion look set to test the 73.5cts
resistance if it is above the 68cts support which I
believe it will.
Sinograndness was mentioned by me yesterday
and after its closing and if you look at the chart
its price is moving up but the volume is decreasing.
I don't like such a divergence and either the price
or volume will correct itself, and I believe it will be
pretty soon.

Take a look at these other few stocks and namely
XinRen, Innotek and Sinotel. I like their chart formation
and with volume coming in, they should be able to
move high.

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