Market View 2 August 2011

Dow fell for a straight 6-day despite having
the debt ceiling issue resolved and this is
definitely not a good sign. Another ominous
sign is how Dow was up as high as 140 points
but reversed and closed down 11 points, which
is a roughly 150 points down swing. I believe
that our market is finally going to feel the heat
today and maybe this whole week.

Yesterday, I received 2 emails (you know who
you are) asking about my status since I am not
on Skype lately. Thank you for the concerns.
I am having some problems with Skype and
my new machine and I believe it got to do with
software conflict issues which Skype is helping
me to solve. It is looking better now and the problem
should be settled soon and I will login when
it is all done.

As I mentioned just now, the market may have a
deserved selling or selloff today and this week
but it should be just a passing rain to cool down
the overheated ground.

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