Market View 25 August 2011

A reader told me yesterday that recently whenever
US indexes went up in overnight trade, the next day,
our market will suffer a sell-off. I look back at past
few trading session, and although she was not 100%
right but in some days, the market really performed
like what she stated. US is once again up in overnight
session, so how will our market react today?

It has been really highly volatile and irrational trading
nowadays with so much news, rumours, speculations
and expectations circulating on the ground and in the air.
I am still a net buyer at this time while waiting for the
Financial Armageddon to arrive, if it ever will be coming.
If you ask for my frank view, I will tell you that it will
not come, and all the gloom and doom is just temporary.
I maybe wrong with my so optimistic view, but I choose
to take it that the cup is half full, and I stand by my view
until Mr Market proves me wrong.

STX OSV suffered a profit-taking session yesterday and
closed at 1.325, a bid below the 1.33 support/resistance
level. Some readers asked me for either re-enter or
fresh enter price for the stock, and I replied them that
it is a good time to get in the 1.3x region. But take note
that it is a mid-term entry and not a contra or intra trade.
If you want a much shorter term entry for the stock and
wanted a quick profit for the stock, talk to me in Skype.

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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