Market View 3 August 2011

Dow fell for a straight 7 days and it seems
like the selling is gaining pace and strength.
At this stage, some readers may be wondering
when will the rebound come as it has been
so many days of selling. My view is that,
yes, we may see a slight rebound soon,
but Dow is heading toward a "magical" number,
then only will the selling weaken.

Looking at the pre-market quotes, it is going
to be a "red-lettered" day again. Yesterday is
only the first significant day of selling while
the Dow had been down in consecutive days,
we are basking in the sun. The selling seems
will continue for this whole week, in my view.
I have been writing about such selling/sell-off
for a couple of days, and I hope that the members
have been pre-warned.

If you know what you are doing and really want
to make money from Mr Market at this moment,
then stick to the greens in a pool of reds.
I believe there won't be much of this opportunities
currently, but just keep your eyes open,
and they might just pop-up from somewhere.

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    

P.S.: I have an important breakfast meet-up tomorrow
morning, so the Market View will not be available.