Market View 23 August 2011

What a roller-coaster ride it had been yesterday
when many stocks price went through the high
and low and then high again. STX OSV was one
of them, having traded to a low of 1.325 in the
early morning, it reversed and surged to a day-high
of 1.395 then succumb to weakness back to around
1.33 support level only to surge once again when
the Europe market opened to close at 1.39, right
at the resistance level. I actually talked little about
the stock, as I believe that the readers already
know what is my view on the stock as I had sticked
out my head for this stock months ago. Thankfully,
my head is still with me and I don't think I will be
losing it in anytime.


Stocks are expected to trade in a tight range for these
days while waiting for clearer picture in the horizon.
But to me, all these gloomy outlook and news reports
are just stating their views and giving their predictions
and forecasts. I choose to believe in my instinct and
trusted chart and it is looking fine and well at this time.
I continue to pick up stocks threw out during panic selling
while keeping a close watch on what is happening
abroad and within. If you want to know who my vote
will go to in the PE, then you won't get to know the answer
as I prefer to keep politics out of this blog. I can only
say that choose wisely and open your ear and eye to
the candidates' background and what they stand for,
and not to choose a symbolic figure again.

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