Market View 22 August 2011

This is going to be a rather short blog this
morning as I have nothing unusual to report
and my view remains the same.

After reading all the doom-day reports in our
newspapers over the weekend, I have decided
to..................CONTINUE to BUY in such a
market situation. In fact, I hope that there is
panic selling on opening bell, and the index
will drop below 2700. This will be a great time
for me to do some shopping and bargain
hunting of the quality stock being sell-down
indiscriminately. What a day it is going to be!

I stated last week that if 2700 is breached, then
I am looking at the next support level at 2650.
I believe that the mid-long term investor will rush
in at the mentioned level and start picking up
stocks and that will really provide a good back-up
to any further weakness.

For those who are willing to take a risk in such a
uncertainty and volatile market condition, do take
note to have a longer investment horizon and
be prepared to ride out this storm.

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