Market View 31 October 2011

We are in the last trading day of October and
what a roller-coaster ride it had been. Regardless
of what optimism, emotional and sentiment
driven events that had been driven up the market
lately, the party got to end somehow. And today,
it seems like will be the day.

I have told a few skype members last week and
I will put it in writing on the blog today. Given
the positive Europe debt crisis outlook, I believe
that a profit-taking pullback of 5-8% on the stocks
and index is pretty justified and it should start
today. When I say a pullback, it means a 5-8%
drop from the recent high which you can gathered
from the charts.

We have the leaders of G-20 meeting on Thursday to
discuss further about the debt deal and it will be an
all-eye main event this week. Then we will have the
October job data from the US this Friday. It is going to
be a very volatile and expectation-driven trading week
and a cautious mood will be just the stance to take.

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