Market View 18 August 2011

After the buying and selling frenzy last week,
the current trading week had been quite peaceful
and subtle, but still nevertheless volatile and
sentiment-driven. If you ask for my preference,
I definitely prefer a faster pace market action
with higher volume change-over and bigger
trading range being played-out. But that only me.

I am still very much in the market although the
position size of buying have been smaller than
last week, and yes, I have cleared off some contra
buying bought at low price last week and keeping
the rest as short-mid term investment. Most readers
should have gotten in stocks at quite low price
last week if they were willing to press the BUY button.

Current market condition is not a time to be gung ho
and showhand, but you can start by picking up some
good stocks having been battered down. The market
is moving in a typical after-a-massive-selldown scenario
with the bulls and bears still deciding when to strike.

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