Market View 11 April 2011

I will keep it short for today's Market View.
This is going to be an interesting week as many
are wondering when will the local index takes a
breather and when will a small correction comes.
Also in the pipeline are the corporate results from
the US and locally. I don't think we will see any
nasty surprises but how much support will they be giving
to the current market?

From last week's market action, I believe that the palm
oil counters are going to be in the limelight this week
too. We have Golden Agri staring the nearly resistance
region of 73.5cts with further upside above 75cts.
First Resources also performed superb recently but resistance
will be seen at the 1.46 level.

As what was mentioned in the comment by a member Devil,
we discussed about the water stocks, and I believe that
they will still be in the play this week.
We will definitely see the market slowing down this week
and we are likely to have profit-taking days, but as what history
had shown us, "selected" stocks will continue to move higher.

Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-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 

别人笑我太疯颠，我笑别人看不穿