Market View 21 July 2011

It was a pool of green yesterday and I believe
that the readers should have made some
profits. But take note that the rosy picture will
not last long and a well-placed trailing stop
will be essential to protect the profits earned.

Yesterday, I specifically mentioned that Genting
NEED to stay at or above the 1.83 level, and a
break of the level will triggered a fall to the
next support level at 1.76 Guess what, it actully
happened, and the lowest the stock went was
just a single bid apart at 1.755 A reader asked
me in the comment as to how did I do it?
I can only say that it is all from and in the chart
if only you can decipher what Mr Market is trying
to deliver in the charts. Where will the stock go now?
It will be trading in the 1.76-1.83 range for the
time being and a break of the recent low will
triggered another downfall to the psychological
level at 1.70

STX OSV also performed very well recently and
hit a day-high of 1.52 before closing at 1.49, which
is about 6-bid from the high. It should consolidate
around the region and further upside is expected
above the 1.52 level

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