Market View 10 October 2011

Another fresh new trading week and it looks
like we will have another volatile  trading week.
We have the corporate reporting starting in
the US this week, and the Europe crisis going
for a make-or-break resolution, so what do all
these events provide us with? Lots of trading
opportunities, I believe we will get this week.
There will be wild swing of both sides in stocks
and of course, the indexes too. I don't believe
that we will hit another new low but the possibility
can't be totally ruled out, although I really don't
see it happening.

STX OSV hit a high of 1.01 before closing at
at 98.5cts last Friday. It had been a very good
V-Shape rebound by the stocks together with
impressive trading volume. It had recorded a
high of 27% gain from the low of 79cts and I
believe that its near-term upside potential is
getting lower but it is likely to have found a
low last week. Strong resistance ahead will be
around the region of 1.06 I expect it to do a
consolidation first before staging another surge.

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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