Market View 7 June 2011

Some readers commented to me that there is
nothing to see in the market right now, as most
stocks are red and there isn't many trading opportunities.
I have to repeat myself that it is exactly at such
time that a trader/investor must stick to the screen
as there will be a chance to grab bargains. I believe
that the readers are entitled to their own view so
to each his own.

Genting broke below the 1.97 support to a day-low
of 1.95 but managed to close exactly on the support
level. The next meaningful support will be at 1.90
I will mention about Ezra today purely based on
the chart reading. Simply, Ezra will be bearish if it
break the 1.51 major support as it may then fall to
about 1.45 There is no doubt about its fundamental
but at this juncture, it is facing a "crisis".

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