Market View 19 August 2011

Needless to say that it is going to be a
blood-flowing trading day, but is it going
to be another week of market turmoil the
following or is it going to be a short sell-off?
I believe that STI is definitely going to be
tested in the region of 27XX again and if
it is breached, the next meaningful support
level will be around the 2650 level. Can this
2650 level be broken as well? If there is still
great market uncertainty with all the doom
and gloom scary story about the global recession
then it is possible, but I believe that it will
be much contained this time round with all
the selling.

Frankly, I am going to continue to pick up
bargains in such time but I am not showing
hand at one shot for all the stocks, but I am
nibbling them bit by bit. I am still cautiously
optimistic that it is just a passing storm and
it will be back to normal all the damages are
done with. Stay in the sideline if you are comfortable
with the current market condition and sell your
bargains at a profits if you have picked up some
during last week 27XX trading day.

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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