Market View 16 June 2011

Just when we had a Blood Moon this early morning,
we are likely to see a Bloody selling in our market
today following a roller-coaster ride in the US.
But the duration of the Blood Moon only lasted
for about 2 hours, our bloody selling lasts about
1/2 day. I expect to see better afternoon closing
after the morning dumping, unless Mr Market has
other ideas up his sleeve.

Many stocks have fallen to important support level
and may continue to fall further but recover to hit
the support-turned-resistance again. This is going
to be a rather long day if the selling volume intensify
but I doubt that will be the case. Stay alert to any
overdone selling on selected stocks.

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 

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