Market View 4 March 2011

I was afraid that I will miss out for consecutive
3 Fridays due to some commitments but I will able
to settle the issue yesterday though I will not be
staying for the whole day of trading.

Wall Street rallied in overnight trade "after a pullback
in oil prices and upbeat U.S. labour market data."
The major indexes surged 1.6 to 1.9% in a strong
moving trading session.


Our market look set to continue the current rebound
and will definitely open brighter this morning.
Genting surged past the major resistance 1.97 in
intraday trading but cannot sustain the strength and
and selling pressure to close below at 1.95
The resistance 1.97 will once again and again be
tested and I believe the next resistance of 2.04
is within reached. Since last week, many readers had
asked me about the entry of Genting. I told them that
if they can get it below $2 is good and it will be better
if they get it below $1.97 for a mid-long term view.
I know of a few who have taken the plunge and
the rest are waiting at the sideline "waiting" for the
"best" moment.

Some bright spot that I saw in recent trading are
between the Commodity, O&M and Water treatment sectors.
They are normally the first to react and rebound and
it remains the same this time too.
For those waiting for the "BEST" time to enter the
market, please continue to wait.

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 

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