Market View 1 August 2011

A fresh new day in another month but for
me, it is "good-bye" to our lazing around
during the market lunch hour break.
Today, our local is on continuous all-day
trading and it is trading as usual during the
12.30pm-2pm period although I am look
forward to how the market will react in the
first day of implementation. It is not going
to affect the mass retailers much but it is
definitely going to impact the full-time traders
like myself as we have to keep our eye glued
to the screen for the whole day. Let's see how the
day goes by today.

There are a lot of market-sensitive activities
going around the market at this time. We have the
US debt ceiling crisis talks running as I am writting,
then the ever-present Europe zone crisis, and
we have tons of crucial data coming out from
Uncle Sam this week too. For those that is not
custom to all these market-changing factors,
please stay out of the market and watch the show
from the sideline. But for those who know what
to expect from Mr Market, then continue to spar
with him in the attempt to getting money from him.

Genting closed on the cross-road of 1.90 last Friday,
which is also a important support/resistance level.
Where do we go from here? Seriously, if you ask me,
I will tell you frankly that I don't know, but I believe that
its upside potential is higher at this stage. It is only
my personal view.

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