Market View 7 September 2011

Recently, our local market is just like our weather,
unpredictable and erratic, but equally exciting and
"entertaining". Stocks rebounded yesterday afternoon
after a good opening in the European bourses.
We can see that Genting is leading the pack and it
will be the first to react to any inflow of buying and selling
thus it is a good gauge of the sentiment and direction
of the market.

A few readers asked me how will STX OSV react
post-XD. From what I see in the chart and price action,
it should head toward the 1.39 resistance and a strong
break of it will propel to the  recent high of 1.46
Readers should be aware that the nearest support level
of 1.33 have been quite stable but one should still be
vigilant in view of the current market situation.

I believe that a rebound is on the card and stocks should
move up in these couple of days cautiously. Stick to
the winner stocks and enjoy the ride.

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